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Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s multitrillion-dollar spending bill ...
If your return has been selected for audit, it is essential that you understand your rights prior to any in-person review or meeting with the IRS agent.
Most taxpayers who file late in June 2025 and opt for direct deposit can expect to receive their refunds in three to five weeks, according to IRS estimates. While earlier filers saw refunds average ...
Many retirees are surprised to discover that their Social Security benefits may be subject to federal taxes. This taxation is ...
The Internal Revenue Service (IRS) allows taxpayers to deduct qualified medical expenses that exceed 7.5% of their adjusted gross income (AGI). This means that if your total medical expenses are ...
American seniors are heavily reliant on Social Security to make ends meet. Six in 10 retirees said their benefits are a major ...
If your employer withholds money from your paychecks for federal and state income taxes, you may not think much about taxes until you file your return each year. But there are other types of ...
The second-quarter estimated tax deadline for 2025 is June 16, and making a payment could help you avoid “falling behind” on ...
Some truth exists to the claim that the IRS allows certain tax deductions on pet expenses, but critical requirements must be met. According to the Internal Revenue Service (IRS) and tax ...
I chose 1040.com from the IRS Free File website because it was the only option for free state returns and eligibility based on my AGI. The site offers a similar guided experience to TurboTax by ...
The IRS allows federal filers to deduct qualifying medical expenses that exceed 7.5% of their adjusted gross income (AGI). So, if your AGI was $80,000, you can deduct health costs above $6,000.
The Internal Revenue Service (IRS) began accepting 2024 tax returns on Jan. 27. In Connecticut, the deadline to file state and federal tax returns is April 15. There are several ways to file for free ...
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