Tax season officially begins today, as the IRS starts acceptingindividual tax returnsfor tax year 2023. Three-quarters (75%) of filers expect a refund, according to anew survey from Intuit Credit Karma, with more than a quarter (27%) of them predicting it will be larger than last year. O...
But you may be hit with the marriage tax penalty, meaning you and your spouse pay more taxes as a couple than if you were filing as singles (which you can't do after "I do" … sorry). The penalty only kicks in if your combined income is over $731,200, or if you live in one...
IRS Tax Payment Plans:If you can't pay in full or can't pay any money, consider thesepayment plans for IRS taxes you owe. In certain cases, the IRS will help taxpayers set up a plan to pay their due tax over time if they cannot immediately afford it. ...
The IRS has restrictive guidelines for determining who needs to file, which means even if you don't owe, you may still have to submit a tax return.
Once you know how much needs to be withheld, you can fill out a new W-4 form to reflect that number. You don’t have to wait for your employer’s human resources department to hand you a new W-4 form. Instead,print one yourself from the IRS websiteand deliver it to your employer...
Dan Herbeck
The IRS has also given an extension to individuals and businesses affected by the October 7 terrorist attacks in Israel. But if you are not in any of those situations, and you can’t file a full return by Monday, at the very least submit Form 4868 to get an aut...