How soon can you file your 2024 income-tax return? Here’s your 2025 tax-season road map.
While it’s undeniably early days, the Internal Revenue Service will tell you it’s not too early to think about the income-tax returns for 2024 that will start to come due soon enough. The federal tax collector typically begins accepting and processing tax returns for the prior calendar year in late January,
Income Tax Deadline! Last one week to file revised, belated return
Belated ITR. Taxpayers who missed the original filing deadline can still file a belated tax return after paying a penalty under Section 139 (4) of the Income Tax Act. Penalties fo
When does tax filing season start? What you need to know ahead of the 2025 tax season
With a new year here, that means a new tax filing season is just around the corner. Here is what you need to know.
How to get ahead this tax season
Tax season kicks off later this month, but experts say it’s not too early to get organized and get ahead. There are strategies you can start now and potential changes to watch as you prepare your 2024 federal income tax return.
Income Tax Return: Why opting for the old tax regime may make sense for you
If you are a salaried employee, you must inform your employer about the tax regime you want to opt for during the year. If you fail to do so, it will be assumed that you continue to be in the default
What are the consequences of not filing Income Tax Returns on time?
Not filing an ITR on time can have numerous consequences, from penal interest and late fees to possible jail time. Meanwhile, if you file your return within the period for filing a belated return and after the deadline,
The 2025 tax season starts in January. Here's how to prepare and where to file for free.
As the new year begins, the start of a new tax season is ahead as well. The Internal Revenue Service is expected to announced the first date to file 2024 taxes next week. In the meantime, here are some thing to know in preparation for the 2025 tax season: PREPPING FOR THE FREEZE: What should Houston know about next week's freeze?
Income Tax: How to e-verify your return? 5 Key points to know
Typically, verification must be done within 30 days. Now since 30 days have elapsed from the time of submission of ITR data, the date of verification will be considered as the date of filing.
Tax Filing 2024: When Will You Get Tax Refund?
The IRS sends out tax refunds 21 days after taxpayers file their returns online and six to eight weeks after submitting a ...
Tax Breaks: The Wild End To 2024 That Could Shake Up The 2025 Tax Season Edition
Forms 1099, Volunteer Income Tax Assistance (VITA) programs, Form 1099-K relief, deducting taxes, tax filing deadlines, and ...
These are the requirements to receive up to $8,046 for the Earned Income Tax Credit refund (EITC)
There are a number of factors involved when determining eligibility for the tax refund which is one of the largest in the ...
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Do you need to submit a Self-Assessment Tax Return?
With the new year comes the deadline for Self-Assessment Tax Returns, and with new laws in place, will you be liable in 2025?
3 Tax-Planning Numbers All Employees Should Know In 2025
January is a good time to consider tax planning. Amid the yearly onslaught of inflation-adjusted tax figures, here are the ...
Are Funeral Expenses Tax Deductible?
Here's a breakdown of when funeral expenses are tax deductible, how to document these expenses for estate deductions and ...
Federal Income Tax Calculator: Estimate Your Tax Liability
Use our federal income tax calculator to estimate your liability for tax year 2024. Input your income, deductions, and other ...
Tax Assistance Available Through Chippewa Valley Technical College and Royal Credit Union Partnership
Royal Credit Union is partnering with Chippewa Valley Technical College and the Volunteer Income Tax Assistance (VITA) ...