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Tax Season 2025: Here Are the IRS' First Stats on Returns Filed and Refunds Issued
On Friday, the IRS released initial statistics comparing the end of January 2025 with early February 2024. As of Feb. 7, 2025 ...
Young and the Invested on MSN1d
How Do the 2025 Tax Brackets Compare to the 2024 Brackets?
Amidst the 2024 tax season, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your ...
Hosted on MSN2d
Which tax bracket am I in and how much is the standard deduction?
Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with inflation. The IRS increased the threshold for each tax tier b ...
IRS Has Removed Sections Of Key Manual Used By Tax Pros From Web
As President Trump continues to make sweeping changes to federal agencies, sections of the IRS’s Internal Revenue Manual ...
Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...
Are Tips Taxable in 2025? Understanding the IRS Rules
Tips delivered in another method that aren’t cash, but that have monetary value are considered noncash tips. These may ...
Fox Business11d
Taxpayers leaving thousands of dollars on the table at tax time: expert
Tax season officially begins Monday when the Internal Revenue Service (IRS ... the risk of leaving upwards of $2,500 to $5,000 on the table due to a lack of awareness of certain tax credits ...
Forbes6d
Tax Breaks: The Disappearing IRS Tax Documents Edition
Check out our guidelines and submit a question here. We know that the IRS expects 140 million individual federal income tax returns to be filed by Tax Day, April 15, 2025 (an additional 20 million ...
IRS’ Direct File Makes It Easier For Families To Claim Tax Credits
Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get ...
$7,830 IRS credit: What to know about qualifying for the Earned Income Tax Credit
The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully refundable, meaning ...
JD Supra8d
IRS Clarifies the Federal Income and Employment Tax Treatment of Contributions to and Benefits Paid from State Paid Family and Medical Leave Programs
Thankfully, on January 15, 2025, the Internal Revenue Service ... in the employee’s Federal gross income and are considered wages for Federal income and employment tax purposes.