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IRS Direct File: New in 2025, you may qualify to file your taxes online for free through Direct File. Only certain taxpayers in participating states qualify to file federal tax returns this way.
On January 29, the IRS will begin accepting and processing tax returns. If you're due a refund, don't hesitate. Prepare now to get your money faster.
The initial EITC was expanded by tax legislation on a number of occasions, including the widely publicized Tax Reform Act of 1986, and it was further expanded in 1990, 1993, 2001, and 2009, regardless of whether the act in general raised taxes (1990, 1993), lowered taxes (2001), or eliminated other deductions and credits (1986). [12]
Here’s how long you should hold onto tax filing paperwork. Be Aware: IRS Increases Gift and Estate Tax Exempt Limits — Here’s How Much You Can Give Without Paying Read More: Owe Money to the ...
Filing status. 2024 standard deduction amount. Single. $14,600 (up $750 from 2023) Head of household. $21,900 (up $1,100 from 2023) Married filing jointly
If you file separately, only one parent can claim the child tax credit, and, depending on your income, you may not be able to claim it at all. Filing jointly also doubles your standard deduction.