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The IRS Direct File program, which lets taxpayers file their federal income tax return directly with the IRS for free, is doubling its reach to 24 states for the 2025 tax season, up from 12 states ...
The IRS Direct File program is run solely by the IRS in an attempt to increase access to free tax filing services. It’s currently being piloted for the 2024 tax season and is available only to ...
Direct File, the IRS’s free online tax filing tool, is here to stay.. During a pilot phase this spring, 140,000 participants received a total of $90 million in refunds. Nine in 10 users rated ...
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is a law passed by the U.S. Congress on a reconciliation basis and signed by President Ronald Reagan that, among other things, mandates an insurance program which gives some employees the ability to continue health insurance coverage after leaving employment. COBRA includes ...
Here are the key details tax filers should know about the eight IRS Free File tax preparation service options. TaxAct: This provider has an age requirement of 20 to 58 years and the standard ...
Direct File is not to be confused with IRS Free File, a separate federal tax software that allows eligible taxpayers to file their federal tax returns for free. That program, which began in 2003 ...
Normally, employer-provided benefits are tax-deductible to the employer and non-taxable to the employee. The exception to the general rule includes certain executive benefits (e.g. golden handshake and golden parachute plans) or those that exceed federal or state tax-exemption standards.
The employer may also compensate the employee-taxpayer indirectly. A taxpayer may receive taxable income from the taxpayer's employer when the employer pays the taxpayer's taxes. In 1929, the United States Supreme Court decided the case of Old Colony Trust Co. v. Commissioner. [3]
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