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For tax year 2024, taxpayers can contribute up to $7,000 to an IRA, up from $6,500 in the prior year. For taxpayers over 50, the amount increased to $8,000, from $7,500 in 2023.
Tax Day always falls on that date, unless April 15 is a weekend or holiday. This year, it comes on a Tuesday. The average federal income tax refund in 2024 was $3,138 based on IRS data through Dec ...
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 ...
Stay updated on the news about taxes, deadlines, deductions, laws, the IRS, and all things related to your income taxes.
The 10 Best Cash Back Credit Cards for 2023 6 Reasons Why You Shouldn't Procrastinate on Your Taxes This article originally appeared on GOBankingRates.com : You Can Write Off These Pet Expenses on ...
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 ...
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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.