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Important Dates and Deadlines for Tax Season 2023. ... The due date to file your 2021 tax returns — and this time there’s no more wiggle room — is Oct. 16. More From GOBankingRates.
Tax brackets for 2023 increased 7% to account for the 40-year high inflation of 8% in 2022, USA TODAY reports. And the IRS already has announced tax brackets will get another 5.4% increase for 2024.
The federal income tax collected by the IRS applies to all Americans regardless of where you live, but the rules for state income tax rates and how those taxes are paid can be vastly different.
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The Alternative Minimum Tax exemption amount for tax year 2023 is $81,300 for individual taxpayers and begins to phase out at $578,150. Those numbers are up from $75,900 and $539,900, respectively ...
This includes income you earned from Sept. 1 through Dec. 31, 2023. Jan. 29, 2024. Tax filing season begins and the IRS begins to accept and process federal tax returns on Jan. 29, 2024.
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