Today: 5. Nov, 2024
No one wants to be caught off guard with a tax bill. Thankfully, according to experts, there is still time to make adjustments if you haven’t paid enough taxes for 2024. Paying close attention to your withholdings and estimated payments can ensure…
The IRS has a formidable tool in its arsenal to collect overdue taxes: revoking your passport. Travelers should take heed, as the federal government may take away this privilege if a substantial tax bill is ignored. Experts have noted that this method…
As the June 17 deadline for American expatriates to file their 2023 taxes looms, those living and working abroad face a critical last-minute rush. This extended deadline, specifically for U.S. citizens and resident aliens outside the country, offers a brief respite but…
As the clock ticks down to the federal tax deadline, the Internal Revenue Service (IRS) is gearing up for an extraordinary surge in tax returns. With the deadline falling on April 15, IRS Commissioner Danny Werfel anticipates an unprecedented volume of submissions.…
As the tax deadline draws near, the Internal Revenue Service (IRS) has already processed an impressive number of tax refunds, marking a significant period for American taxpayers. The agency has issued over 43 million refunds totaling nearly $135.3 billion, highlighting an active…
As the tax season looms, a formidable challenge confronts taxpayers: tax-related identity theft. This growing concern, where criminals steal personal information to file tax returns and snatch refunds illicitly, is causing notable alarm. Eva Velasquez, president and CEO of the Identity Theft…
The Internal Revenue Service (IRS) has announced significant changes to retirement contribution limits for 2024 to help individuals save more for their retirement amidst rising living costs. In a recent statement, the IRS disclosed that the annual individual contribution limits for 401(k),…
In the wake of escalating tensions and humanitarian concerns resulting from recent conflicts between Hamas and Israel, many Americans are moved to contribute to aid and relief efforts. While the desire to assist is commendable, navigating the complexities of tax and legal…
The approaching deadline for filing overdue tax returns has potentially $1.5 billion in untouched refunds at stake. Almost 1.5 million taxpayers have yet to claim their refunds from 2019, with a median payment of $893, as stated by the IRS. The final…
