How soon can you file your 2024 income-tax return? Here’s your 2025 tax-season road map.
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 federal tax collector typically begins accepting and processing tax returns for the prior calendar year in late January,
When does tax season start? What you need to know about filing ahead of the 2025 season
The new year means new adventures, but it also means tax season is starting soon. Here's what to know about deadlines and new changes to the tax code.
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. The last day you can file your 2024 taxes without requesting an extension is Tuesday, April 15, 2025. Gig workers who earned more than $5,000 in payments in 2024 will receive a Form 1099-K PDF in January 2025. Another tax filing season is upon us.
Income Tax Deadline! Last one week to file revised, belated return
Belated ITR. Taxpayers who missed the original filing deadline can still file a belated tax return after paying a penalty under Section 139 (4) of the Income Tax Act. Penalties fo
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?
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
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 Filing 2024: When Will You Get Tax Refund?
The IRS sends out tax refunds 21 days after taxpayers file their returns online and six to eight weeks after submitting a ...
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 ...
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 ...
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 ...
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 ...
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Do you need to submit a Self-Assessment Tax Return?
With the new year comes the deadline for Self-Assessment Tax Returns, and with new laws in place, will you be liable in 2025?
IRS Deadline Approaching for Those Who Paid Too Little Tax in 2024
The Internal Revenue Service (IRS) has issued a reminder to pay for those who may still owe taxes from 2024 as a quarterly ...
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 ...