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The new year brings new tax brackets, deductions, and limits that will impact your 2024 federal income tax return. While 2023 did not see major federal tax reform legislation, the IRS has adjusted ranges for tax brackets, standard deductions, retirement savings contributions and more to account for inflation. These 2024 IRS tax code tweaks affect […] The post 2024 IRS Tax Changes: What You Need to Know appeared first on SmartReads by SmartAsset. ....
As of today, Californians have another tax deadline extension from the IRS — this time until November. Many Californians thought their taxes were due today (Oct. 16), but the IRS has further postponed tax deadlines for people in 58 counties impacted by natural disasters last winter.As Kiplinger reported, the new postponement means that many California taxpayers and businesses now have until Nov. 16, 2023, to file their 2022 federal income tax returns and pay any tax due. Another tax deadline ext ....
The IRS announced that it will look into more wealthy individuals and large companies more than low-income taxpayers who receive refundable tax credits like the Earned Income Tax Credit. ....