For many people, 2024 has been a challenging year for financial and tax planning. Here's everything you need to know to complete your taxes accurately and efficiently this year.
Jan. 1: Once more for the official monthly tax moves — Happy New Year! Some people are champing at the bit to get their taxes filed, mainly because they are expecting an Internal Revenue Service refund. But remember, you need to get all your tax documentation before you can accurately co...
The final step, of course, is to include Form 2441 with your 1040 when filing your taxes for the year. With TurboTax Live Full Service, a local expert matched to your unique situation will do your taxes for you start to finish. Or, get unlimited help and advice from tax experts while...
Meanwhile, the Internal Revenue Service (IRS) is rapidly expanding its Direct File program. which allows people with relatively straightforward returns to file their taxes directly to the IRS for free. The option will be available to taxpayers in 12 states for the 2024 tax year and a total of...
My current tax situation is pretty uncomplicated, in my late 60s I just have Social Security retirement benefits while continuing to work part time for the local county government. So for the past couple of years I've had no Federal Income Tax liability and probably don't even need to file...
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“President Biden is focused on lowering costs and making the tax system fairer for Americans, and that includes providing a free and simple way to file taxes, with no expensive and unnecessary filing fees and no upselling," National Economic Advisor Lael Brainard said in a sta...
Tax forms 1040 and 1040-SR are nearly identical. The main advantage of using Form 1040-SR is that it has a larger type, making it easier to read if you're doing your taxes by hand. It also emphasizes some specific tax benefits for those over age 65, although these benefits are also ...
It's also important to understand that the 21-day turnaround applies to people who file their taxes electronically. Paper returns can take much longer for the IRS to process. Can I see the status of my tax refund? The best way to check the status of your refund is to visitWhere's My...
Let a local tax expert matched to your unique situation get your taxes done 100% right with TurboTax Live Full Service. Your expert will uncover industry-specific deductions for more tax breaks and file your taxes for you. Backed by our Full Service Guarantee. You can also file taxes on you...