Here’s why your 2024 tax refund may be bigger
Online tools can help you determine how much your refund will be this year, or how much you owe the IRS. (iStock) Tax refunds for some taxpayers could be even larger in 2024 due to the Internal Revenue Service’s 2023 inflation adjustments to tax brackets and increases in the standard deduction. Each year, the IRS […]
The IRS's new free site for tax filing is now up and running – The Washington Post
After weeks of testing, the IRS’ new government-run free tax filing website is now open to users in 12 states for the remainder of this year’s tax season. of Direct File Websitethe Biden administration’s effort to test free competitors to commercial software like Intuit’s TurboTax, is debuting in the middle of tax season, when more […]
What You Need to Know for the 2024 Tax Season – The New York Times
Filing your tax return is an annual reminder of how boringly complex America’s tax code is, and this year is no different. Although not as chaotic as the year of the pandemic, many new regulations have come into effect and some changes may be introduced during the season. Procrastination can cost you: Unpaid taxes and […]
Biden admin accused of paying students with tax dollars to register voters, aid ‘its own re-election efforts’
A Biden administration-backed effort to make college students pay the federal government to register to vote ahead of the 2024 election is President Biden’s “own re-election effort,” according to some legal experts. If done for the purpose of assisting a person, it could have serious legal consequences. Vice President Kamala Harris announced campaign efforts to […]
Hawaii Tax Department cracks down on landlords for unpaid taxes – KITV Honolulu
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Maine Residents Furious over $13M Tax Bill to Give Migrants Free Rent
Maine residents are expressing anger over the state’s plan to spend $13 million to build apartment complexes that could give up to two years of free rent to illegal border crossers. Dubbed the “Taj Mahal” for illegal aliens, the housing project drew fierce opposition from Brunswick residents at a Feb. 20 City Council meeting. Local […]
Don’t fall for these sneaky tax scams that are out to steal your identity and money
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A Tax Sunset Will Change What You Owe the I.R.S. – The New York Times
Understanding the complex U.S. tax rules and completing your tax return can be daunting enough. But we can expect new tax stresses to come from Washington in the not-too-distant future. On December 31, 2025, significant portions of the 2017 federal tax law are scheduled to expire. Once that sun sets, they’ll be back to where […]
IRS steps up campaign against wealthy tax cheats – USA TODAY
The Internal Revenue Service is stepping up its campaign against wealthy tax fraud, sending out letters this week in response to more than 125,000 cases involving high-income earners who have not filed returns since 2017. ing. Tax authorities said the cases collectively involved hundreds of millions of dollars in unpaid taxes. More than 25,000 compliance […]
Thousands of millionaires haven't filed tax returns for years, IRS says – The Washington Post
Thousands of high-income earners have not filed tax returns in recent years, but the cash-strapped Internal Revenue Service has done nothing to force them to pay what they owe. The situation has now changed, the tax authorities announced on Thursday. The IRS will send notices to thousands of people who earned more than $400,000 and […]