How soon can you file your 2024 income-tax return? Here’s your 2025 tax-season road map.
While it’s undeniably early days, the Internal Revenue Service will tell you it’s not too early to think about the income-tax returns for 2024 that will start to come due soon enough. The federal tax collector typically begins accepting and processing tax returns for the prior calendar year in late January,
When does tax season start? What you need to know about filing ahead of the 2025 season
The new year means new adventures, but it also means tax season is starting soon. Here's what to know about deadlines and new changes to the tax code.
Why Filing A Tax Return Is More Important Than Paying Tax
Taxpayers bear distinct obligations to file a tax return and to pay tax enforceable by tax penalties. The failure-to-file penalty is more severe and more strict.
Income Tax Return: Why opting for the old tax regime may make sense for you
If you are a salaried employee, you must inform your employer about the tax regime you want to opt for during the year. If you fail to do so, it will be assumed that you continue to be in the default
What are the consequences of not filing Income Tax Returns on time?
Not filing an ITR on time can have numerous consequences, from penal interest and late fees to possible jail time. Meanwhile, if you file your return within the period for filing a belated return and after the deadline,
The 2025 tax season starts in January. Here's how to prepare and where to file for free.
As the new year begins, the start of a new tax season is ahead as well. The Internal Revenue Service is expected to announced the first date to file 2024 taxes next week. In the meantime, here are some thing to know in preparation for the 2025 tax season: PREPPING FOR THE FREEZE: What should Houston know about next week's freeze?
When are taxes due? Here's what to know about 2025 tax season
With 2025 now underway, Americans will soon be receiving their W-2 forms to begin filing their tax returns for the previous year.
Federal Income Tax Calculator: Estimate Your Tax Liability
Use our federal income tax calculator to estimate your liability for tax year 2024. Input your income, deductions, and other ...
These are the requirements to receive up to $8,046 for the Earned Income Tax Credit refund (EITC)
There are a number of factors involved when determining eligibility for the tax refund which is one of the largest in the ...
Tax bracket changes could mean your paycheck is slightly bigger in 2025 — here's what to know
The IRS in October announced the federal income tax brackets for 2025, which raised each income threshold by roughly 2.8%.
3 Tax-Planning Numbers All Employees Should Know In 2025
January is a good time to consider tax planning. Amid the yearly onslaught of inflation-adjusted tax figures, here are the ...
Are Funeral Expenses Tax Deductible?
Here's a breakdown of when funeral expenses are tax deductible, how to document these expenses for estate deductions and ...
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Fire victims finally won federal tax relief. Here’s what comes next
The Press Democrat spoke with a tax pro about how the new law will be implemented and how fire victims can prepare.
Child Tax Credit for 2024: How Much You Get Compared to Previous Years
Child tax credits benefit parents and guardians when they file their yearly tax returns and typically provide a set amount per dependent child.