Block has got you covered with an outline of the tax changes for 2024 that can help you get back the most money possible this tax season. Check out the need-to-know new tax laws and changes covering tax forms, tax brackets, tax rates, and more below. ...
Written by a TurboTax Expert • Reviewed by a TurboTax CPAUpdated for Tax Year 2023 •January 8, 2025 6:41 AM Before you finish your taxes, make sure you know about some important changes that can affect you. Lisa Greene-Lewis, CPA and TurboTax expert, explains. ...
The changes could mean tax savings for some taxpayers, providing some relief at a time when Americans are still struggling with high inflation that's eating away at their purchasing power. For instance, some taxpayers could fall into lower tax brackets as a result of the changes, while those ...
Tax rules are different every year, but 2023 saw a few significant changes that you don't want to ignore. CPA and TurboTax expert Lisa Greene-Lewis highlights some of the more important ones. Watch the video above or read the transcript below. Video transcript: Tracy Byrnes: Well, as the...
In either case, here are the tax law changes that apply to the 2022 tax year. Please note, these are the changes that affect the taxes you will be filing in 2023. (Income you earned in 2022.) New Tax Rules for 2022 (Filed in 2023) Let’s start with the U.S. federal income tax...
While there are no new tax deductions for 2024, there’s still a handful of changes to 2024 tax deductions stemming from the IRS’s annualadjustments to account for inflation. These adjustments are good for taxpayers, because they increase the value of several tax breaks and/...
Stephen at the ICAEW says: “R&D tax relief is one of the most challenging areas for SMEs. The rules can be complicated, and these changes come on the back of many others in recent years. “Applying the correct rules, rates and procedures when claiming will be more important than ever.”...
The Massachusetts minimum wageis increasingto start 2023, and there are other changes coming for workers in the new year. The minimum wage will be $15 an hour starting January 1, up from $14.25. The service rate will go from $6.15 an hour to $6.75. ...
The IRS announced that, because of the big Christmas storm that affected a lot of parts of New York State, they are pushing the tax due-date back to May 15, 2023, for affected areas. In addition, The IRS will waive the usual fees and requests for copies of previously filed tax returns...
By Irwin M. Slomka On May 3, 2023, New York Governor Kathy Hochul signed into law two bills containing several important tax changes, several of which were not in the Governor’s proposed budget: Bill Nos. S4009-C (Budget) and S4008-C (Transportation). A