So the increase in that deduction is really going to help tax filers' outcomes this season. If you're single, the Standard Deduction is $13,850; Married Filing Jointly is $27,700. Tracy Byrnes: So everything wen
With most pandemic-era policy changes in the rearview mirror, the 2025 tax season is mostly business as usual.
The article offers information on updates of several taxation laws in the U.S. which include earned income credit, standard mileage rate and making work pay credit.All Hands
In an interview with CBS News, IRS Commissioner Danny Werfel said the agency's goal is to make sure the tax season goes smoothly for taxpayers. "Our goal is accurate tax returns. We really don't have a bias in terms of how much you owe or you don't," Werfel told CBS. "We're ex...
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Discuss business goals to plan for future tax strategies Discussing future business plans with your tax advisor is crucial for effective tax planning and financial strategy. By sharing your goals—whether it’s expanding operations, launching new products, or exploring new markets—your CPA can prov...
Tax Day 2025 falls on Monday, April 15. This is the day when your taxes are due for the 2024 tax year. It's important to file your return or request an extension by this date to avoid any penalties. Make sure you mark your calendar for the tax deadline 2025 to ensure you meet the...
When Does the 2024 US Tax Season Start? The US tax year is the same as the calendar year—January 1 to December 31. “Tax season” is when the IRS begins accepting income tax returns. The Internal Revenue Service will start to accept returns for the 2024 tax year on January 27, 2025...
Switching to H&R Block is seamless and easy, and importing your prior year’s tax return from another provider takes less than two minutes.New clients can take advantage of the new limited-timePrice Matchoffer, which matches the price individuals paid to their previous ta...
The best way to avoid identity theft for the tax season is to file early. The longer you wait, the more opportunity someone out there has to file a phony return and take off with the money, leaving you the long and arduous task of reporting it to the IRS and sorting through the clean...