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The deadline for filing a personal federal income tax return in the United States has passed. April 15, 2025, was the deadline for filing your 2024 tax return with the Internal Revenue Service (IRS).
Energy efficient home improvement credits are now divided into two sections to differentiate between qualified energy efficiency improvements and residential energy property expenditures.
The IRS and most states started accepting 2023 income tax returns on Monday, January 29, 2024, kicking off the 2024 tax season with a pledge to provide better service for taxpayers.
Starting January 1, 2024 the standard mileage rates have increased 1.5 cents per mile for business travel.
On December 29, 2022, “The SECURE 2.0 Act” was signed into law.
The IRS and most states will open tax filing for your 2022 income tax returns on Monday, January 23, 2023.
The cost-of-living adjustment (COLA) for Social Security benefits will increase 8.7% in 2023.
Starting January 1, 2023 the standard mileage rates are increasing 3 cents per mile for business travel.
For the first time in since 2011 the IRS has made a midyear increase to the optional standard mileage rates due to the rising cost of gasoline and its financial burden
On 10/13/21, the Social Security Administration announced the cost-of-living adjustment for 2022 will be an increase of 5.9%. While this is the largest increase since the 1980’s, most Social Security recipients will see little if any of this in their monthly benefits.