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For those filing their 2022 tax returns in 2023, there are some relatively significant changes to report. ... The Earned Income Tax Credit dropped from $1,500 to $560 for taxpayers with no ...
Although the standard tax filing date doesn't arrive until at least April 15 every year (April 18 in 2023), as soon as the calendar turns to January, it's time to start getting your documents in...
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 IRS Free File Program is a service that allows U.S. taxpayers to prepare and e-file their federal income tax returns for free. Through the program, commercial tax software companies that are part of the Free File Alliance offer free tax preparation software to tax filers with annual adjusted gross income (AGI) below $73,000 for Tax Year 2022.
Marginal tax rates and income brackets for 2023 Marginal tax rate [34] Single taxable income Married filing jointly or qualified widow(er) taxable income Married filing separately taxable income [35] Head of household taxable income 10% $0 – $11,000: $0 – $22,000: $0 – $11,000: $0 – $15,700 12% $11,000 – $44,725: $22,000 – $89,450
January 27: This date has been designated Earned Income Tax Credit Awareness Day, which the IRS’s website says is “to raise awareness of valuable tax credits available to many people ...
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