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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 ...
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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 ...
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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 ...
IRS Refund Tracker: Estimated Refund Time Based on E-Filing Date
Tax refunds are usually issued within 21 days. Use the IRS "Where's My Refund?" tool to track your refund status.
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 ...