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The average federal income tax refund in 2024 was $3,138 based on IRS data through Dec. 27, down 0.9% from the same period in 2023.
What's my new 2025 tax bracket? The IRS has set new tax brackets for 2025, but that won't impact the return you'll file by April 15, since that 1040 reflects your 2024 income and taxes.
May 1: Deadline to file 2023 and 2024 tax returns for taxpayers who live in Alabama, Florida, Georgia, North Carolina, and South Carolina and parts of Alaska, New Mexico, Tennessee, Virginia and ...
For 2025, the IRS has adjusted income tax brackets to accommodate rising wages. The 37% top tax rate applies to singles earning over $626,350 and married couples earning over $751,600 (an increase ...
The Trump Presidency saw a wide range of changes to the tax code, including the Tax Cuts and Jobs Act, which many refer to simply as the Trump tax cuts. However, many of those changes are set to...
Tax Day was first introduced in 1913, when the Sixteenth Amendment was ratified. The date is delayed if it conflicts with a weekend or public holiday such as Emancipation Day. Natural disasters or public health emergencies, most recently the COVID-19 pandemic, also delay Tax Day when they prevent filing taxes on time. State income agencies ...
On the campaign trail, Trump promised a variety of tax breaks, including removing the TCJA’s $10,000 cap on the deduction for state and local taxes, and eliminating taxes on tip income, overtime ...
The Internal Revenue Service has announced that IRS Free File will begin accepting individual tax returns as of Jan. 10, 2025, for the 2024 tax season.