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If you're part of the roughly 60% of Americans who pay someone else to prepare their tax return, then there's a good chance that you've had to make more than one visit to the preparer's office ...
The Internal Revenue Service has announced it will begin accepting 2023 tax returns as of Jan. 29. ... When to file your 2023 tax return, what else to know during tax season. Show comments.
As for the annual gift tax exclusion – the amount of tax-free money you can give to another person in 2023 – is $17,000 (up from $16,000 in 2022). If a gift exceeds $17,000 in 2023, the excess ...
The IRS Free File Program is a service that allows U.S. taxpayers to prepare and e-file their federal income tax returns for free. Through the program, commercial tax software companies that are part of the Free File Alliance offer free tax preparation software to tax filers with annual adjusted gross income (AGI) below $84,000 for Tax Year 2024.
In October 2022, the IRS announced there would be tax inflation adjustments made for the 2023 tax year. This includes an increase in standard deduction amounts for 2022 returns.
Section 6109(a) of the Internal Revenue Code provides (in part) that "When required by regulations prescribed by the Secretary [of the Treasury or his delegate] [ . . . ] [ . . . ] Any person required under the authority of this title [i.e., under the Internal Revenue Code] to make a return, statement, or other document shall include in such return, statement or other document such identifying ...