The easiest way to file your taxes is electronically. Here are the top five reasons to choose e-file: It's easy. It's convenient. It's safe and secure. You'll get your refund faster if you choose direct deposit - usually in 21 days or less. If you owe taxes, you can make an electronic payment when you file [...]
One of the first things to figure out with your taxes is which filing status to use. What counts is your status as of December 31st, not any other time of year. There are five filing statuses. Which one is yours? Single - If you're single, divorced, or legally separated as of December 31st, you're probably [...]
This article was published by the IRS. With the 2023 tax filing season in full swing, the Internal Revenue Service reminds taxpayers to gather their necessary information and visit IRS.gov for updated resources and tools to help with their 2022 tax return. This news release is part of a series called the Tax Time Guide, a [...]
This article was published by the IRS. The amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500 -- up from $20,500 for 2022. The income ranges for determining eligibility to make deductible contributions to traditional IRAs, contribute to Roth IRAs, and claim the Saver's Credit will also all increase for 2023. [...]
This article was published by the IRS. Many taxpayers may have heard of Individual Retirement Arrangements, or IRAs, but some don't know how IRAs help them save for retirement. People can set up an IRA with a bank or other financial institution, a life insurance company, mutual fund, or stockbroker. Here's a list of basic terms [...]
