Qualifying for IRS Free File To qualify for IRS Free File in 2025, your adjusted gross income (AGI) must have been $84,000 or less in 2024. Calculate your AGI by…
As tax season approaches, lawmakers are divided on the future of Direct File, the IRS’ free tax filing program. Direct File, which has recently expanded to limited taxpayers in 25…
Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters Key Tax…
Image Source: sturti | E+ | Getty Images With tax filing season underway, the IRS is set to automatically send payments to one million taxpayers. Queries like “Will I receive…
Chairman Jason Smith (R-MO) speaks during a House Committee on Ways and Means in the Longworth House Office Building on April 30, 2024 in Washington, D.C. Anna Moneymaker | Getty…
A penalty ‘for maxing out too early’ According to research from Vanguard in 2023, lump-sum investing, or putting larger amounts of money into the market sooner, can increase growth potential…
Why Your Take-Home Pay Could Increase in 2025 Starting the new year with similar wages to the previous year could actually result in a higher take-home pay. Depending on your…
The National Taxpayer Advocate Urges Congress to Prioritize Taxpayer Service and Technology Funding Erin Collins, the national taxpayer advocate at the Taxpayer Advocate Service, recently spoke at a Senate hearing…
The deadline for the fourth-quarter estimated tax payment in 2024 is approaching on Jan. 15. Missing this payment could result in penalties and fees when filing your return, according to…
Pra-chid | Istock | Getty Images Expanded Free Filing Options for 2025 For the 2025 season, Direct File, the IRS’ free tax filing program, will be open to eligible taxpayers…
The 2025 Tax Season: What You Need to Know The 2025 tax season is set to kick off on January 27, with more taxpayers gaining access to Direct File, the…