Standard deduction A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before taxes apply to the rest.
The Internal Revenue Service (IRS) announced that it will officially begin accepting 2024 tax returns on January 27, 2025. The deadline for filing taxes will be April 15, 2025. “This has been ...
IRS Commissioner Danny Werfel said he expects the 2025 filing season to build on the success of the two previous seasons if Congress maintains funding.
Since tax season tends to sneak up in the haze after the holidays, it's important to note the major deadlines for filing and paying your taxes. While a majority of states adhere to the federal ...
Filing your tax return electronically and opting for direct deposit is the fastest way to get your refund. Reviewing your return for mistakes can help you avoid delays. Make sure the numbers you ...