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4 Red Flags for an IRS Tax Audit — Including What One Tax Pro Calls a ‘Dead Giveaway'
While the chances of an IRS audit are usually slim, certain items on your tax return may trigger a red flag at the federal agency, according to tax experts.
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The Last Chance for Some Retirees to Avoid a 25% Tax Penalty Is April 1
If you turned 72 in 2022, the last chance for your first mandatory retirement plan withdrawal is April 1 — or you may face a hefty tax penalty. Here’s how to avoid it.
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Missing Tax Forms Will ‘Definitely' Delay Your Refund, Expert Warns. How to Know Which Ones You Need
It’s important to get organized with tax forms before filing your return to avoid refund delays. Here’s how to know which forms you need.
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The Difference Between Tax Credits and Deductions Explained With Sticky Notes
Both tax credits and tax deductions can help taxpayers keep more of their money, but they do it in very different ways. Here’s how they work.
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IRS Unveils Option Allowing Online Responses to 9 of Its Notices. ‘A Step in the Right Direction,' Says Tax Pro
The IRS has unveiled a new option to respond to certain agency notices online. Here’s what filers need to know.
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Debunking Common Tax Myths
Your pets can’t be claimed as dependents, filing electronically is faster and more secure than using paper, and filing for an extension does not give you more time to pay.
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Did You Receive a Special Tax Refund Last Year? The IRS Says Hold Off on Filing Returns
The IRS is urging millions of taxpayers to hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year.
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What Are Some Common Tax Filing Errors?
These are some of the most common errors you should avoid when filing your taxes, according to experts and the IRS.
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Tax Credits Vs. Tax Deductions: How They Differ, and What to Know Before You File
It’s tax season, and Americans are trying to make sense of various tax breaks. Tax credits are generally more valuable than deductions.
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How to Figure Out the Best Time to File Your Tax Return: Don't ‘Race to the Finish Line,' Say Tax Pros
You may want a faster tax refund, but the IRS says to slow down and prepare first. Here’s the best time to file your tax return.
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College Students Are Helping People File Their Taxes for Free
VITA is an organization that partners with college students to provide free tax preparation services. Christopher Thornton, the president of the UCLA chapter, explains how it works.
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Today Marks the First Day You Can File Your Taxes
Here are a few tips to keep in mind as you start preparing.
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IRS Announces Start Date for Tax Filing Season: Here Are the Key Deadlines
Here’s everything you need to know about 2023’s tax filling season
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When Will I Receive My Tax Refund?
The majority of tax refunds will be distributed no more than 21 days after the IRS has received your tax return, and the agency has an online tool where you can check your refund’s status.
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Here Are the Key Deadlines for the 2023 Tax Filing Season
The official start date of the 2023 tax filing season begins Jan. 23.
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IRS: Taxpayers May Avoid a Surprise Tax Bill by Making a Quarterly Payment by Jan. 17
The fourth-quarter estimated tax deadline is Jan. 17. Here’s how to avoid a ‘surprise tax bill’ for 2022, according to the IRS.
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Trump's Tax Returns Shed Light on Offsets and Foreign Accounts
Democrats in Congress released six years of former President Donald Trump’s tax returns on Friday, the culmination of a yearslong effort to learn more about the finances of a onetime business mogul who broke decades of political precedent when he refused to voluntarily release the information as he sought the White House.
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IRS Was ‘Asleep at the Wheel' for Failing to Audit Trump Tax Returns, Senate Finance Chair Says
Wyden’s assessment followed a report that the IRS had only started one mandatory audit of Trump’s tax returns during his four years as president.
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Read How Much Trump Paid — Or Didn't Pay — in Taxes Each Year
Donald Trump has guarded his income tax returns from public disclosure. A House committee has voted to release them in redacted form.
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House Panel Releases Report on Donald Trump's Tax Returns
The Democratic-controlled House Ways and Means Committee voted along party lines Tuesday to publicly release a report on Donald Trump’s tax returns, which the former president has long tried to shield.