By Aimee Picchi Edited By Alain Sherter Updated on: January 28, 2025 / 2:32 AM EST / CBS News The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to ...
The threshold increases to 110% if your 2023 adjusted gross income was $150,000 or higher, which you can find on line 11 ofForm 1040from your 2023 tax return. However, you could still owe taxes for 2024 if you make more than expected and don't adjust your tax payments. "The good th...
Updated on: January 28, 2025 / 2:32 AM EST / CBS News The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to residents in 25 states, is also now open begi...
Nametags with the IRS logo in a conference room at the Internal Revenue Service (IRS) campus in Austin, Texas, US, on Friday, Sept. 6, 2024. Jordan Vonderhaar | Bloomberg | Getty Images The IRS will lay off thousands of probationary workers in the middle of tax season, accord...
The IRS has begun receiving income tax returns. After duly filing your paperwork, you could expect to receive your refund check in just a matter of weeks.
For the 2025 tax year, the IRS is increasing the annual contribution limit for401(k) plansby $500 from the current limit of $23,000 in 2024 to $23,500 in 2025. Those limits also apply to several other retirement plans and will undergo the same increase for the 2025 tax year, includin...
The deadline to file your Form 2290 return is on thelast day of the monthfollowing your First Used Month (FUM) in a tax year. Thecurrenttax year begins onJuly 1, 2024,and ends onJune 30, 2025. For the truckers operating from the beginning of the tax year,August 31, 2024, is the...
The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to residents in 25 states, is also now open beginning on Monday. About 32 million taxpayers in th...
The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to residents in 25 states, is also now open beginning on Monday. About 32 million taxpayers in those states wil...
Tax tips for retirement Saving for retirement? TurboTax can help with your 401(k), IRA, stock options, Social Security, pensions, annuities and more. By TurboTax Jan 17, 2025 8:07 AM EST IRS extends deadlines for taxpayers impacted by L.A. wildfires ...