2024 Tax Brackets & Standard Deduction Adjusted For Inflation
Each year, the IRS adjusts the standard deduction, tax brackets, and other tax breaks to compensate for inflation. Last week, they released their numbers for tax year 2024, which means
-
IRS Hits Paperless Processing Milestone Ahead of Schedule
When the IRS announced its Paperless Processing Initiative in August, it set a lofty goal of allowing taxpayers to digitally submit all correspondence, non-tax forms, and responses to notices by
Read More -
The Truth About the IRS’s Private Collection Agencies
The IRS has called for backup from the private sector, and these four companies could be coming after your tax debt in lieu of the IRS. Here’s what you need to know to stay informed, lawful and safe.
Read More -
How Much Do I Owe the IRS? 4 Ways to Find Out
No one wants to owe the Internal Revenue Service. Ideally, you’d pay the exact right amount of income taxes and be on your way without a second thought. Or maybe
Read More -
4 Questions to Ask When Filing a Paper Tax Return
Love the feeling of pen on paper? You’re not alone. Some taxpayers still prefer to file a paper tax return, even though the IRS encourages e-filing. In fact, the IRS
Read More