Income Tax
Tax Season to Start January 29, 2024
The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. 29, 2024. The agency expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline.
2024 Tax Refund Dates – How to Estimate When to Expect a Refund
This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.
Key State Tax Changes for 2024
As of Jan. 1, several state tax reforms have gone into effect that can impact your finances. Here's a recap of some significant changes.
There’s Still Time to Claim Unpaid Economic Stimulus Payments
Not everyone who was entitled to an EIP was able to collect the full amount they were owed. Either they didn’t receive the correct amount or they didn’t get a payment at all.
Congress is Eyeing Several Tax Changes for 2024
Lawmakers will negotiate a raft of potential tax changes when Congress returns in January. Here's a look at what could be included.
Should You Elect to Forgo Preferential Tax Treatment on Capital Gains and Dividends?
Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses.
How to Get the Most Tax Benefits from a Roth IRA
Under the “ordering rules” established under IRS regulations, most of the payout of a nonqualified Roth distribution may be tax-free anyway—maybe even all of it.
Gift Tax Exclusion Increases for 2024: How to Get the Most Benefit
The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability.