Just Married? Here’s Your Tax Checklist for a Smooth Start
Summer wedding bells may have just finished ringing, but tax season will be here before you know it. As newlyweds, it’s important to make a few key updates now to ensure a hassle-free tax filing experience next year. Here’s a quick IRS-backed checklist to...Reminder: Make Estimated Tax Payments by Jan. 15 to Avoid Penalties
If you underpaid taxes in 2024, consider making a fourth-quarter estimated tax payment by Jan. 15, 2025, to avoid penalties. The U.S. tax system requires payments throughout the year via paycheck withholdings or quarterly estimated payments. Missing a quarterly...IRS Extends Tax Deadline to January 10, 2025, Following National Day of Mourning
The IRS has announced a one-day extension for taxpayers with federal tax deadlines originally set for Thursday, January 9, 2025. The new deadline is Friday, January 10, 2025. This extension comes in response to a Presidential Proclamation issued on December 29,...2025 Federal Tax Brackets Overview: Key Information You Need
The IRS annually adjusts over 60 tax provisions for inflation to prevent “bracket creep,” where inflation, not income growth, pushes taxpayers into higher brackets or reduces deductions. Since 2018, the IRS has used the Chained Consumer Price Index (C-CPI) for more...How to Prevent Costly Tax Return Mistakes
Preparing to file your federal tax return? Review some common mistakes people make and how you can avoid them this tax season.