Automatic Correction for the 2020 Tax Year for Unemployment Compensation Exclusion-Related Accounts Completed; Here’s How Much Was Refunded.
If you got unemployment compensation in 2020 and overpaid taxes on it, the IRS has now finished making the final corrections ...Read More
IRS Launches Its Online Portal for Free, Businesses May Now File 1099 Forms
In a long-awaited move, the IRS finally launched a website on Wednesday, 25th January 2023, where companies may submit their 1099 information ...Read More
IRS’s Free File Guided Tax Preparation Service Goes Live, Aims to Save Taxpayers Hard-Earned Money
The Free File Guided Tax Preparation service from the Internal Revenue Service went live on January 13, 2023, just 10 days before the ...Read More
IRS Raises 2023 Estate-Tax Exclusion to $12.92 Million, Up from $12.06 Million
The IRS, on 18th October 2022, announced that up from $12.06 million in 2022, individuals may transmit up to $12.92 million in 2023 to heirs ...Read More
IRS Interest Rates Jump from 6% To 7%, Here’s What You Need To Know!
The Internal Revenue Service, on 30th November 2022, announced an increase in the interest rates for the quarter beginning on 1st ...Read More
IRS Announces New Tax Brackets ~ What You Need To Know
The IRS recently announced an increase in the income thresholds for all brackets for the income tax year 2023 (returns filed ...Read More