The IRS Tax Changes in 2025 are majorly aimed at providing an economic relief package to American taxpayers with consideration to inflation issues, families, and grant provisions for green projects. This would also serve an impact on individuals and families with small business owners-simplifying the process by easing up on how to save taxes, claim … Read more
The 2025 tax filing season is now open, according to the IRS’s prior forecast of over 140 million individual tax returns this year. Accompanying this news, the IRS has rolled out notable updates and technological advancements that will make it easier for taxpayers to file their taxes and receive support. Here is what you should know about tax season: Filing Season The tax filing season will open on Monday, January 27, 2025, and will close on the traditional April 15, 2025. Considering last year’s numbers, refunds are expected to be over $300 billion, and average refunds are expected to remain around $3,100. IRS Commissioner Danny Werfel told the press that … Read more
Taxpayers must be aware of both upcoming tax season changes and necessary deadlines with essential dates to carry out compliant tax filing this 2025 tax season. Taxpayers need to understand recent updates by the Internal Revenue Service (IRS) which affect their tax returns and tax deductions and tax credits. Here’s what you need to know. … Read more