Income Tax Deadline! Last one week to file revised, belated return
Taxpayers must note that the deadline for filing a belated income tax return or submitting a revised return for the assessment year 2024-25 is fast approaching. The final date for submission is in one week, i.e., on January 15, 2025.
How soon can you file your 2024 income-tax return? Here’s your 2025 tax-season road map.
January is a big month for the letter R, with resolutions, resets and tax returns demanding our attention. While it’s undeniably early days, the Internal Revenue Service will tell you it’s not too early to think about the income-tax returns for 2024 that will start to come due soon enough.
The most important changes that will affect your tax return this tax season
As the 2025 tax season approaches, taxpayers should prepare for adjustments in tax brackets, credits, and deductions. These changes, driven by inflation, can significantly impact your tax liability. Understanding the progressive tax system and the updated figures for standard deductions and credits is crucial for effective tax planning.
2024 tax season: When to file, 1099-K reporting other things to know
The IRS will begin processing 2024 tax returns sometime during late January 2025. Another tax filing season is upon us. The IRS has not yet announced the official start date for the season, but the agency typically begins processing new returns the last week of January.
Income Tax Return: Why opting for the old tax regime may make sense for you
If you are a salaried employee, you must inform your employer about the tax regime you want to opt for during the year. If you fail to do so, it will be assumed that you continue to be in the default
What are the consequences of not filing Income Tax Returns on time?
Not filing an ITR on time can have numerous consequences, from penal interest and late fees to possible jail time. Meanwhile, if you file your return within the period for filing a belated return and after the deadline,
The 2025 tax season starts in January. Here's how to prepare and where to file for free.
As the new year begins, the start of a new tax season is ahead as well. The Internal Revenue Service is expected to announced the first date to file 2024 taxes next week. In the meantime, here are some thing to know in preparation for the 2025 tax season: PREPPING FOR THE FREEZE: What should Houston know about next week's freeze?
When are taxes due? Here's what to know about 2025 tax season
With 2025 now underway, Americans will soon be receiving their W-2 forms to begin filing their tax returns for the previous year.
Tax Breaks: The Wild End To 2024 That Could Shake Up The 2025 Tax Season Edition
Forms 1099, Volunteer Income Tax Assistance (VITA) programs, Form 1099-K relief, deducting taxes, tax filing deadlines, and ...
Federal Income Tax Calculator: Estimate Your Tax Liability
Use our federal income tax calculator to estimate your liability for tax year 2024. Input your income, deductions, and other ...
These are the requirements to receive up to $8,046 for the Earned Income Tax Credit refund (EITC)
There are a number of factors involved when determining eligibility for the tax refund which is one of the largest in the ...
3 Tax-Planning Numbers All Employees Should Know In 2025
January is a good time to consider tax planning. Amid the yearly onslaught of inflation-adjusted tax figures, here are the ...
Are Funeral Expenses Tax Deductible?
Here's a breakdown of when funeral expenses are tax deductible, how to document these expenses for estate deductions and ...
Tax Assistance Available Through Chippewa Valley Technical College and Royal Credit Union Partnership
Royal Credit Union is partnering with Chippewa Valley Technical College and the Volunteer Income Tax Assistance (VITA) ...
When are W2 sent out? What to know about tax season in NJ, Delaware, Pa
Now that your resolutions are taken care of, it’s time to focus on the next big new-year hurdle: tax season But, before you can start spending that refund deposit, or writing a check to the IRS, you ...
Sales Tax Deduction: How to Claim and Save on Your 2025 Taxes
If you choose to itemize deductions, you'll have the option of deducting the state and local sales tax you paid, or you can ...