IRS

Unemployment compensation can be a vital financial lifeline for individuals who find themselves out of work.  However, it's crucial to understand that these benefits are considered taxable income, and when tax season rolls around, you'll…

Virginians are running out of time to take advantage of a limited window of opportunity to get tax rebates for the 2022 tax year.  The deadline for filing 2022 state income taxes to qualify for a tax rebate of up to $400 is Wednesday,…

Tax season often comes with its fair share of stress, especially when you realize you've made an error on your tax return.  But there's good news: amending your tax return can be a game-changer. It's the rule that transforms your filing…

Virginia residents, act fast! Only three days left to claim tax rebates up to $400 by filing your 2022 state income taxes. Don't miss out! The extended deadline for filing tax returns in the Old Dominion is November 1, 2023, which offers…

The recent surge in the Consumer Price Index (CPI) has sent ripples through our economy, impacting not only our wallets but also our tax forms.  In August, the CPI climbed by 0.6%, leading to upward adjustments in tax brackets and key…

Pennsylvania residents can reduce property taxes or rent expenses through the Property Tax Rebate/Rent Program, with applications accepted until the end of December. The amount of the tax rebate a household can secure hinges on their…

The SSDI program is a vital support for Americans facing enduring disabilities, providing monthly payments to those who can't work due to long-term ailments lasting at least a year. In 2023, SSDI beneficiaries saw a welcome 5.9 percent…

The IRS is rolling out an innovative pilot program aimed at simplifying the tax filing process for residents in select states.  This new initiative, known as the Direct File pilot test, is designed to make filing federal income taxes…