Even though we’re still in the 2023 tax year, you’re probably thinking to yourself, Gosh! I wonder what the tax brackets are for the 2024 tax year? We’ve got you covered — and there’s actually some good news, thanks to inflation. The Internal Revenue Service (IRS) adjusts tax brackets for inflation each year, and because inflation […]
What Are the Tax Brackets for 2023 and 2024? Read More »
Haven’t filed your tax return? Join the crowd. getty Are you just getting ready to tackle your 2022 income tax return? You’ve got plenty of company. There’s about a month left in the current tax filing season, which opened on Jan. 23, 2023, and will run until April 18, 2023 and the most recent IRS
Tax Advice For The Half Of Americans Who Haven’t Filed Their Returns Yet Read More »
If you have modest income, you may be able to give yourself and your family some extra money with the Earned Income Tax Credit (EITC). Last year, 31 million workers and families received the EITC, and got an average $2,043 credit from their 2021 tax returns. In addition, many states have their own EITC for
Boost Your Refund With the Earned Income Tax Credit Read More »
Tax Season: 1040 U.S. Individual Income Tax Return getty One of the confusing things about tax season for many taxpayers is that the rules and brackets may be very different from year to year. For example, more than 60 tax provisions posted in Revenue Procedure 2021-45—made public about a year and a half ago—apply to
What Looks Different And What You Need To Know About Your 2022 Tax Return Read More »
