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A sign outside the Internal Revenue Service building is seen, May 4, 2021, in Washington, D.C. The IRS is still too slow to process amended tax returns, answer taxpayer phone calls, and resolve ...
Feb. 6 marked the deadline for federal workers to accept the U.S. Office of Personnel Management (OPM) and the Trump Administration's offer of a buyout. These buyouts, or the option of "deferred ...
For 2025, the IRS has adjusted income tax brackets to accommodate rising wages. The 37% top tax rate applies to singles earning over $626,350 and married couples earning over $751,600 (an increase ...
In 2025, people who generally make $67,000 or less qualify for these services through the IRS's Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs.
The COVID-19 pandemic has had a significant impact on the airline industry due to travel restrictions and a decimation in demand among travelers. Significant reductions in passenger numbers have resulted in flights being cancelled or planes flying empty between airports, which in turn massively reduced revenues for airlines and forced many ...
Every tax season, the IRS comes out with various warnings and reminders to taxpayers about how to avoid problems with their filings. Usually, this is in response to common mistakes that taxpayers...
The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 − for single taxpayers and married people filing separately.. The standard deduction climbs to $30,000 − ...
Some Americans could see lower federal income taxes in 2025 due to an annual bracket adjustment by the IRS. On the down side, this relief could be more modest than over the past two years.