Tax

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…

Residents in Virginia have a limited window of opportunity to take advantage of a tax rebate worth as much as $400 before it expires. With only five days left, taxpayers must act promptly and file their 2022 state income taxes in the…

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…

Several US states are offering Stimulus Checks to their citizens in the face of economic difficulties, such as inflation and COVID-19 consequences. While the nation grapples with these financial uncertainties, state stimulus checks and…

The IRS has extended the comment period for a proposed crypto tax rule that has stirred significant discussion within the cryptocurrency community.  Originally scheduled to end in October, the comment period will now continue until…

The IRS and US Treasury have significantly won by recovering a remarkable $160 million in unpaid taxes from affluent individuals. This achievement highlights the importance of addressing tax evasion and ensuring that all taxpayers pay…

The IRS has unveiled a preview of the new tax brackets for the year 2024, offering taxpayers an early glimpse into how their financial obligations may change in the upcoming tax season. The IRS has made it a tradition to release these…

The IRS is helping Californian taxpayers affected by severe winter storms with extended tax deadlines in 55 eligible counties, providing crucial relief and flexibility. This extension was prompted by three disaster declarations that…