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The Internal Revenue Service has announced that IRS Free File will begin accepting individual tax returns as of Jan. 10, 2025, for the 2024 tax season.
The Tax Relief for American Families and Workers Act of 2024 is a tax bill in the 118th United States Congress that would amend portions of the Internal Revenue Code of 1986. The bill was approved by the House of Representatives on January 31, 2024, by a bipartisan vote 357–70.
Following the devastating fires that have ravaged Los Angeles, displacing 180,000 residents and causing widespread destruction to homes, lives, and businesses, both federal and state agencies have...
Sep. 14—WASHINGTON — Taxpayers affected by Hurricane Idalia in parts of Georgia that began Aug. 30, 2023, now have until Feb. 15, 2024, to file various individual and business tax returns and ...
The Hurricane Tax Relief Act is pending United States legislation introduced in 2023. Introduced by Florida legislators Rick Scott in the Senate and Byron Donalds in the House of Representatives, and generally supported by Republicans holding political office in Florida, the act seeks to reduce the amount of federal taxes that victims of hurricanes Ian and Nicole will have to pay and more ...
The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]
The due date is approaching and it is once again time to file your tax returns. Filing taxes for 2024 can feel overwhelming, but with the right guidance, you can determine how to navigate through ...
Per the Tax Cuts and Jobs Act of 2017, Tax-exempt employers must report tax-free qualified transportation fringe benefits provided to employees on or after January 1, 2018, as unrelated business income. The Taxpayer Certainty and Disaster Tax Relief Act of 2019 repealed that provision of the 2017 law so that thease benefits are no longer ...