IRS Announces New Tax Rates: How Much You'll Have to Give to Uncle Sam

The IRS has released tax brackets and new standard deductions for 2023. As with most things, the numbers are affected by inflation, Al reports. Tax brackets or tax brackets are numbers used to determine the amount...

What tax deductions Americans can apply in returns for 2021

It seems like tax season always creeps in unexpectedly. It is important to know how to reduce your tax costs. With so many new laws on pandemic payments and tax credits for children, the calculations can be confusing, according to FingerLakes1. There are many tax deductions and credits that ...

Tax season 2021: 9 deductions everyone can get

Tax deductions reduce your taxable income, so it is in your best interest to ask as much as possible when filing your tax return. Money Talks News has compiled a list of 9 tax deductions that anyone can claim. To get the most beneficial tax deductions, you need to ...

Remote work: can home office expenses be deducted from taxes?

If you've worked from home most of this year, you've probably spent the extra money trying to make your living space more workable, CNN suggests. Perhaps you bought some accessories, a new table or chair, or you just pay more for ...

Three ways to reduce last year’s 2018 taxes

You can actually still do this - reduce your tax bill for the 2018 tax year. Here are three ways to cut your taxes before filing day on April 15th. 1. Contribute to a Health Savings Account (HSA) for 2018. These accounts give...

The IRS immediately published two bad news for US taxpayers.

Americans got a double dose of bad news Friday as the IRS released data for the first week of tax refund filings. Not only did the agency process fewer returns due to the effects of the shutdown compared to the same period last year,…

How to file a tax return with a boyfriend or girlfriend

US taxpayers can include in their return not only the spouse, but also the boyfriend or girlfriend with whom they live. This can help reduce taxes. However, for this you need to meet certain conditions. Experts interviewed by Go Banking Rates told how to arrange the necessary ...

Why Americans are in no hurry to file tax returns

The tax season continues in the United States. According to the publication reuters.com, this year the Americans are in no hurry to report to the IRS. In 2016, from January 23 to March 3, 8,5% more documents were filed for tax refunds than in 2017. One of…

What young people need to know about taxes. Seven Useful Tips

The tax filing deadline (April 15) is getting closer, so it's time to check all your credits and deductions. If you are still young and not as experienced in filing returns, there are some important things to keep in mind to help avoid additional tax ...

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