I've used TaxAct for over 20 years, always using a downloaded desktop version. And I liked it a lot! But it irritates me that the 2024 download will cost me $100 MORE than online users for the same software. Then when I downloaded the preview program, I learned that this year I hav...
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TaxAct Review 2020, Packages and List Prices PackagePrices & Description Free edition Federal: $0 State: $0 TaxAct's free federal version allows you to file a 1040 and a state return for free. This option works for people who don’t have complex filing situations and do not plan to claim...
In the U.S., there are seven federal income tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. These rates will remain the same for both 2024 and 2025 because of the Tax Cuts and Jobs Act (TCJA). Contrary to popular belief, your income isn't generally taxed at a flat rat...
Tags: charity, inflation adjustment, IRA, IRS, QCD, qualified charitable distribution, required minimum distribution, retirement savings, RMD, SECURE Act 2.0, Setting Every Community Up for Retirement Enhancement (SECURE) Act, tax, tax-deferred savings, taxes, traditional IRA Veterans...
CALIFORNIA PRIVACY RIGHTS ACT (CPRA) TaxResources, Inc. complies with the California Privacy Rights Act of 2020 (CPRA). CPRA provides consumer with the right to know what personal information we collect about them, and the sources, purposes, and uses of that information. Upon request, individual...
Tags: alternative minimum tax, AMT, Federal Insurance Contributions Act, FICA, FICA tax wage base, household workers, inflation, nanny tax, Social Security, Social Security Administration, tax, taxes More capital gains profits fall into wider brackets thanks to 2025 inflation adjustments Monday, Octob...
CREATE MORE: A better version of the CREATE law In November, Republic Act 12066 (otherwise known as CREATE MORE), which amended CREATE, was finally signed into law. The new law seeks to enhance the competitiveness of the Philippines’ incentive regime. ...
The Tax Cuts and Jobs Act (TCJA) was a major overhaul of the tax code, signed into law by President Donald Trump in his first term on Jan. 1, 2018. The Senate passed TCJA on Dec. 2, 2017, by a party-line vote of 51 to 49. The House passed its version by a vote of 224 to...
The Child Tax Credit was a nonrefundable credit but became partially refundable (up to $1,700 in 2024 and 2025) as a result of theTax Cuts and Jobs Act (TCJA).1415If a taxpayer had a large enough tax liability, the full amount of the Child Tax Credit was $2,000.16 ...