Income Tax – Page 2 – 1040 Tax Credit

Weekly IRS Roundup March 20 – March 24, 2023 – Tax Authorities – United States

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 20, 2023 – March 24, 2023. March 20, 2023: The IRS released Internal Revenue Bulletin 2023-12, which highlights the following: Notice 2023-22: This notice advises state and local housing credit agencies that allocate low-income housing […]

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Taxes and adulting: What to know about filing taxes on your own for the first time | CNN Business

Tax Forms / Editor

New York CNN — For most people in their early- to mid-20s, filing taxes is right up there with having to pay rent and realizing you can’t take summers off anymore: an unwelcome fact of being an adult. If you’re a recent graduate working your first full-time job or supporting yourself for the first time,

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Tips for American expats from a financial advisor who helps clients move abroad

Tax Forms / Editor

If you’re ready to move abroad to work or retire, there are a few things to know, according to certified financial planner Jude Boudreaux, a member of CNBC’s Financial Advisor Council. Roughly 9 million U.S. citizens were living abroad in 2020, according to estimates from the U.S. Department of State. Chuyn | Istock | Getty

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How to buy I bonds with your tax refund

Tax Forms / Editor

With a little more than two weeks to go until taxes are due, more of you are asking questions about using your income tax refund to purchase I bonds. It’s complicated, as it often is when it comes to investing for retirement. The answers to your questions depend on a variety of factors such as

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How to use a tax refund to fight inflation

Tax Forms / Editor

If inflation has eaten away at your budget the way waves erode a beach, then your tax refund might just provide a much-needed protective barrier. As of March, prices are up 6% over the past 12 months, according to the most recent consumer price index. At the same time, just over half of filers (55%)

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3 last-minute moves to lower your 2022 tax bill or boost your refund

Tax Forms / Editor

The tax deadline is approaching, and there are still a few ways to reduce your 2022 bill or boost your refund, experts say. Once the calendar year ends, “the toolbox of options is much smaller,” said certified financial planner and enrolled agent John Loyd, owner at The Wealth Planner in Fort Worth, Texas. However, there

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IRS Provides An

Tax Forms / Editor

To print this article, all you need is to be registered or login on Mondaq.com. On February 23, 2023, the IRS published final regulations (the “Final Rule”) that materially expand which reporting entities must file electronically rather than on paper. These requirements apply to a number of tax returns, including Forms W-2, 1099, 1094-B/C and 1095-B/C,

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Decoding TurboTax: Which TurboTax version is best for you in 2023?

Tax Forms / Editor

Getty Images Time is starting to run out on the 2023 tax season — your federal income tax returns must be filed by April 18. If you haven’t started your taxes yet, a program such as TurboTax can help you find extra deductions and calculate your taxes for you. TurboTax can even autofill your address

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5 ways to file your taxes for free this season

Tax Forms / Editor

The federal tax deadline is only six weeks away, and if you haven’t filed yet, you may qualify for free preparation. There are several free filing options to consider, depending on your income, age, location and occupation. D3sign | Moment | Getty Images The April 18 federal tax deadline is only six weeks away, and if

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5 ways to file your taxes for free this season

Tax Forms / Editor

D3sign | Moment | Getty Images The April 18 federal tax deadline is only six weeks away, and if you haven’t filed yet, you may qualify for free preparation. While many prefer a paid preparer, free filing options may be worth exploring for simple returns, such as filings with only a couple of W-2 forms,

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