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Tax season 2025 is here. Many Americans are starting to think about preparing returns. Some of us are putting it off. Here are answers to common questions that crop up as April 15 approaches ...
When is Tax Day 2025? All about deductions, income brackets, credits and deadlines. The easiest, safest and fastest way to receive a refund is to file electronically (e-file) and select direct ...
Tax season 2025 will start Jan. 27 — that’s when the IRS will start accepting 2024 tax returns. The IRS said it expects to receive more than 140 million individual tax returns by the April 15 ...
Two goals for the upcoming tax filing season are to offer 10,000 extended office hours and to expand the IRS rural outreach program by 20%, increasing the number of returns prepared. The agency said it also continues to simplify notifications to make language simpler to understand.
The CRA processes most tax returns with very limited review and promptly issues a notice of assessment. The notice of assessment provides a summary of each entity's income, credits and deductions. If a taxpayer disagrees with an assessment, they may file an appeal which may lead to challenging the assessment in tax court.
The sweeping tax legislation is currently set to expire at the end of 2025. However, as the TCJA was passed by a majority-Republican Congress in 2017, the current majority-Republican Congress may ...