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An odd glitch is hitting mailboxes when it comes to an IRS notice that's being sent to people who already paid their taxes due for 2023.
All seven income tax brackets are adjusting upward 7%, with the standard deduction climbing to $13,850 for individuals and $27,700 for married couples — up $900 and $1,800 respectively.
The average federal income tax refund in 2023 was $3,167 based on IRS data through Dec. 29, down 2.6% from the same period in 2022.
If you like to file your taxes early, the IRS said on Monday it will begin accepting and processing 2023 federal income tax returns starting on Monday, January 29.
The IRS announced it will officially begin accepting 2023 tax returns on Monday, Jan. 29.. But although official processing won't begin until that date, the agency said, filers shouldn't wait to ...
In general a Transaction of Interest is a type of reportable transaction that the IRS believes has the potential for tax avoidance or evasion, but for which it lacks enough information to specifically label as a tax avoidance transaction. [17] With Notice 2016–66, the IRS was particularly interested in micro-captive insurance companies that ...
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