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2025 Tax Dates. Deadline. Jan. 15, 2025. The due date for your estimated tax payments for the 4th quarter, including income you earned from Sept. 1 through Dec. 31, 2024.
You might also see a smaller refund at tax time. Prior to the TCJA, the U.S. had seven federal income tax brackets ranging from 10% to 39.6%. The TCJA lowered the rate for the top bracket to 37%.
Here are some ways your taxes may change in 2025 and beyond. Tax benefits for small businesses The TCJA lowered the corporate tax rate for businesses to a flat 21 percent, from a graduated system ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
The latest data from the Internal Revenue Service (IRS) agency shows that the total amount refunded to taxpayers by IRS through 2023 will be approximately $198.9 billion, which is $23.5 billion less than in 2022. That equates to an average refund of $2,878 — or $297 less per person than last tax season. [5]
Organizations dedicated to shrinking government are pushing for the adoption of TABORs in other states. Currently, Colorado is the only state with TABOR. In 2005, TABOR proposals were introduced in about half of the states. [21] A TABOR referendum on the ballot in Maine as an initiative effort led by Mary Adams was defeated in November 2006 ...
Hold onto your W-2s! The 2024 election could shake up your tax refund faster than you can say "1040-EZ." With Kamala Harris potentially taking the Oval Office, many Americans are wondering if their...
Here’s how to make sure you get your tax refund as quickly as possible. E-file and use direct deposit to avoid delays If you’re relying on your refund, file early and electronically, and use ...
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