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It’s tax season, and the deadline to file a tax return or request a return extension is just three months away.. In fiscal year 2022, the Internal Revenue Service issued more than 237.8 million ...
In October 2022, the IRS announced there would be tax inflation adjustments made for the 2023 tax year. This includes an increase in standard deduction amounts for 2022 returns.
The tax season for tax year 2023 has officially started and you were able to file as early as Jan. 29, 2024. Here are some other important dates: Jan. 1, 2024: The unofficial start of tax season.
The Seattle head tax, officially the employee hours tax (EHT), was a proposed head tax to be levied on large employers in Seattle, Washington, United States. The head tax was proposed in 2017 to fund homeless services and outreach and was set at a rate of $275 annually per employee, with hopes of raising up to $50 million annually.
However, last year, the IRS pushed back the deadline for filing 2021 tax returns and for paying taxes owed because of the Emancipation Day holiday in Washington, D.C.
For tax year 2023 the IRS adjusted that same 12% bracket by $725, an increase of 6.5%. What Is The Impact of the New Brackets? Any upward adjustment to the standard deduction or tax brackets is an ...
The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700, up $1,800 from 2022. ... the standard deduction rises to $13,850 for 2023, an increase of $900 from ...
Similarly, the Child and Dependent Care credit — which includes out-of-pocket expenses for child care and day camps — is worth up to $2,100 for the 2022 tax year, down from $8,000 for the 2021 ...
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