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This article originally appeared on GOBankingRates.com: Get a Jump on Your Taxes With These Tips From the IRS for 2023. Show comments. Advertisement. Advertisement. In Other News. Entertainment.
The total number of refunds issued through March 29 is down 3.3% from a similar time last year, according to IRS data. The average refund amount was $3,050 through March 29, up 4.8%. The IRS has ...
IRS location sign at Constitution Avenue, Washington, D.C. The IRS originates from the commissioner of internal revenue, a federal office created in 1862 to assess the nation's first income tax to fund the American Civil War. The temporary measure funded over a fifth of the Union's war expenses before being allowed to expire a decade later.
In a follow-up letter sent in March 2012, the senators asked the IRS to clearly define the amount of political activity that is permissible for "social welfare" groups under 501(c)(4) rules, to require the groups to document in their IRS filings the exact percentage of their activity that is dedicated to "social welfare", and to require the ...
If the amounts of the itemized deductions and the standard deduction do not differ much, the taxpayer may take the standard deduction to reduce the possibility of adjustment by the Internal Revenue Service (IRS). The amount of the standard deduction cannot be changed following an audit unless the taxpayer's filing status changes.
The Trump administration’s latest immigration shakeup has sent tremors through the Venezuelan community, as some face a possible return to a country whose regime has been dubbed illegal by the U.S.
(The Center Square) – A credit-rating agency reported Thursday that President Donald Trump's proposed tariffs could slow economic growth, increase inflation and push up unemployment. The S&P ...
The first war tax stamps were produced in 1874 in Spain, during the Third Carlist War.A decree of October 2, 1873, imposed a war tax on letters and stamped documents. The stamps were issued on January 1, 1874, in two denominations, 5 centimos and 10 centimos, and depicted the Spanish coat of arms along with the inscription "Impuesto de Guerra" or "Impto de Guerra".