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Income Taxes 2025: A Look at How This Year’s Election Could Affect Your Refund Amount Next Year. Vance Cariaga. ... Tax year 2022: $2,753. Tax year 2021: $3,012. Tax year 2020: ...
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.
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 ...
If you received a similar refund last year, it could mean that you’re withholding too much money, meaning that you gave Uncle Sam a tax-free loan all year. ... 6 Reasons Your Tax Refund Will Be ...
There are two kinds of fees and penalties that could be assessed on top of any taxes you might owe: one for filing late, and another for paying late. If you file your return more than 60 days late ...
The 2024 election could shake up your tax refund faster than you can say "1040-EZ." ... “I do not expect tax refunds for the 2024 or 2025 tax years to change substantially if Kamala Harris is ...
This means that families may see a smaller refund when filing taxes for the 2022 tax year compared to the previous 2021 tax year. According to the IRS, the average refund in 2022 (for the 2021 tax ...
Major changes last year to the tax code — especially to the Child Tax Credit — could mean that some Americans may get smaller-than-expected refunds this year, according to several tax experts.
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