Tax season is the period when individuals and businesses prepare their documents for filing taxes, which are generally due on or about April 15 of each year. Most individuals and businesses start receiving the needed documents to fill out their tax forms in January. Therefore, tax season is usu...
January 29, 2025 (approximately) - 2024 Tax season begins. This marks when the IRS will begin accepting and processing 2024 federal tax returns. January 31, 2025 - Due date for employers to send W-2 forms. To ensure you’re able to complete your tax return on time, the IRS requi...
Self-employed individuals pay the 12.4% on the first $160,200 of their net income in 2023 (the taxes filed in 2024) – and the 2.9% for Medicare on all of their net income. If that seems like an eye-popping amount of self-employment tax (and it may, the less money...
Summer is here, butback-to-school shopping seasonis already upon us – and so are states’ tax-free weekends. Below, you can check to see if your state is hosting a back-to-school tax free weekend this year, and if so when that tax-free weekend takes place. We’ve rounded up all ...
The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a profess...
Tax season is never fun. But some tax filers this year face an added complication: Their returns are being rejected because they failed to provide information about Affordable Care Act coverage they didn't even know they had. While the concern about unscrupulous brokers enrolling unsuspecting people...
Here's what you'll need to get a jump start on your filing. What's new Though most of the changes from theTax Cuts and Jobs Actwill take effect in the 2018 tax year, one major change will affect the 2017 filing season. Under the previous tax law, filers who take the medical expense...
Ramsey Solutions personal finance expert Rachel Cruze joined "Fox and Friends" on Monday, March 6, 2023, to share tax advice and share warnings about scams during tax-filing season.(Fox News / Fox News) In the instance that the IRSdoesneed to get in touch, it will always be through cert...
Choosing the right filing status can help you save money during tax season. You may have tied the knot, but are you ready to file your taxes together? Having to pick between "married filing jointly" and "married filing separately" may feel like a relationship test, but it's about what ...
David Kemmerer,CoinLedgerCEO has also seen many fail to record their cryptocurrency portfolio in tax because they don’t know that it’s taxable: “I’ve found on many occasions, people believe that trading crypto to crypto does not incur tax, and only expect to pay tax on crypto to USD...