🎆 Happy 🎉 New 🥂 Year! 🎆 Hello 2025! Last year was challenging, and I’m sure you’ll find plenty of new ways to test us over the next 12 months, but we’re ready for it. We hope! via GIPHY At least we know it will be exciting on the tax front, with the Tax Cut...
With resources bolstered by added Inflation Reduction Act funds, the IRS said it stepped up compliance activity specifically on 1,600 individuals whose incomes were more than $1 million per year and who each owed the IRS more than $250,000 in recognized tax debt. The IRS assigned 1,500 to...
Credits, deductions and income reported on other forms or schedules * More important offer details and disclosures About Compare TurboTax Tax Products All online tax preparation software TurboTax online guarantees IRS Forms Self-employed tax center ...
So that’s the who, when, and where of tax deadlines this year. Now you know the last day to file taxes. Are you planning on filing as soon as possible or waiting until the 15th of April? If you’ve found yourself in a situation where you owe the IRS and don’t have the money ...
Holiday Gathering on a Budget Focus on creating an experience for your holiday gathering, which can control costs. Aja McClanahanDec. 10, 2024 AI Can Help With Gifts Using artificial intelligence can relieve gifting stress while helping you save time and money. ...
Learn all you need to know about taxes on cryptocurrencies, how to pay cryptocurrency taxes, what to do if you are unable to do so, and more...
Do I have to pay taxes on a $20,000 gift? You do not need to file a gift tax return or pay gift taxes if your gift is under the annual gift tax exclusion amount per person ($18,000 in 2024). But even if you do exceed that amount, you don’t necessarily need to pay the gif...
“We look forward to opening the 2016 tax season on time,” IRS Commissioner John Koskinen said. “Our employees have been working hard throughout this year to make this happen. We also appreciate the help from the nation’s tax professionals and the software community,...
As of October 2023, every importer of CBAM goods with a value of more than EUR 150 per shipment will need to report the embedded emissions of goods imported into the European Union on a quarterly basis. This report is submitted to the European Commission through the CBAM Transitional Registry...
One of the key takeaways from this year's report is thatFlorida continues to be a relatively low tax state.Floridians’ per capita state and local revenue collections total $5,679, the 42nd highest amount among the 50 states.While Florida’s state tax and revenue burdens are very low comp...