Tax filing season just opened for 2022 returns, and the IRS is already warning that average refunds may be lower since most pandemic economic relief measures are finished. That means careful tax plann...
Tag: deductions
Tax credits vs. tax deductions: How they differ
D3sign | Moment | Getty Images It’s tax season, and households are confronted by a lot of tax jargon when preparing their returns. Two types of tax breaks stand out among all the lingo: credits ...
Five Last-Minute Tax Deductions – TheStreet
2022 has been a bumpy ride for Americans, with a roiling economy, angst over viruses, surging numbers of layoffs, a lackluster stock market,, and a general downward tilt in consumer confidence. Weary ...
IRS releases new federal tax brackets and standard deductions. Here’s how they affect your family’s tax bill.
America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Inter...
IRS boosts mileage rate deductions as gas prices soar to $5 a gallon
Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston. Brandon Bell | Getty Images If you’re self-employed or own a sma...
Last-Minute Tax Deductions to Take in 2022
SmartAsset: Last-Minute Tax Deductions to Take in 2022 With tax season in full swing and the April 18 filing deadline rapidly approaching, many Americans are once again wondering whether they should t...