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We rate the best tax software solutions — from budget-friendly options for straightforward returns to feature-rich platforms for more complex situations — to help simplify the 2025 tax season.
For tax year 2024, filers with incomes of $79,000 and below can take advantage of the guided tax preparation option and file a federal return electronically for free via an IRS partner site.
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
SmartAsset is a financial technology company, founded in July 2012 by Michael Carvin and Phillip Camilleri and headquartered in New York, New York. [ 1 ] [ 2 ] The company publishes articles, guides, reviews, calculators and tools to help people make decisions about personal finance .
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Withheld income taxes are treated by employees as a payment on account of tax due for the year, [7] which is determined on the annual income tax return filed after the end of the year (federal Form 1040 series, and appropriate state forms). Withholdings in excess of tax so determined are refunded.
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related to: income tax calculator 2024 smartasset softwaretax.thomsonreuters.com has been visited by 10K+ users in the past month