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We may be just a few weeks into 2023, but it’s never too early to start thinking about filing taxes. Planning ahead now does more than make the filing process a bit easier.
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.
For tax year 2023, this means that the standard deduction for singles is $13,850, up from $12,950, while joint filers will enjoy a bump of $1,800 in their standard deduction, to $27,700. Pandemic ...
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.
The Quarterly Publication of Individuals Who Have Chosen to Expatriate, also known as the Quarterly Publication of Individuals, Who Have Chosen to Expatriate, as Required by Section 6039G, is a publication of the United States Internal Revenue Service (IRS) in the Federal Register, listing the names of certain individuals with respect to whom the IRS has received information regarding loss of ...
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.
For one reason or another, you may have failed to file tax returns for past years. If you're in this boat, don't panic -- the best thing to do is to play catch-up as soon as possible. See ...
On March 27, 2023, the IRS put out a news release as part of its Dirty Dozen series. This release cautioned taxpayers to avoid shady tax professionals and offered tips on how to find the right tax ...
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