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For the 2025 tax year, if you’re 50 or older, you can contribute an additional $7,500 to an eligible employee retirement account, for a total of $31,000 per year. Eligible accounts include: 401(k)s
Tax-Aide sites will take again take appointments and, back this year, are accepting walk-ins for free tax preparation and e-filing services. The program will run from February 1 to April 18, per ...
This year, the standard deduction is $12,950 for those filing single or married filing separately. Married couples filing together can deduct $25,900, and heads of household can deduct $19,400.
The post Tax Prep Checklist for Tax Preparers appeared first on SmartReads by SmartAsset. Planning early can help ensure a smoother, less stressful process for everyone involved.
It’s common to have the same kinds of deductions each year, so if you can see what you did last year it might help speed the process. However, keep in mind that the standard deductions nearly ...
If you want your retirement years to be peaceful and easy, without constantly worrying about finances, you should not wait until the last minute or jump in without planning. Find Out: This Is the...