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Lastly, taxpayers can call the IRS directly at 800-829-1040 with questions on how to file your tax return or about your tax refund. Consider a digital subscription to support our journalism
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Failing to pay any taxes owed upon filing or receiving an extension will owe a monthly penalty of 0.5% of unpaid amounts. The IRS states an extension to file is not an extension to pay. Nina Tran ...
The filing deadline for individuals was March 1 in 1913 (the first year of a federal income tax), and was changed to March 15 in 1918 and again to April 15 in 1955. [9] Today, the deadline remains April 15, [ 10 ] unless it conflicts with a weekend or holiday.
An individual's tax liability depends upon two variables: the individual's filing status and the taxable income. [16] The status can determine the correct amount of tax, whether the taxpayer can take certain tax deductions or exemptions that could lower the final tax bill, and even whether one must file a return at all. [17]
Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee.
The due date is approaching and it is once again time to file your tax returns. Filing taxes for 2023 can feel overwhelming, but with the right guidance, you can determine how to navigate through ...
The head of household filing status was created in 1951 to acknowledge the additional financial burdens faced by single people caring for dependents. [ 3 ] [ 1 ] Consequently, it provides single parents and other people caring for qualifying dependents with a larger standard deduction and preferential tax rates compared to single filers ...
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