by Value Stock Players | Jun 22, 2024 | Your Taxes
On October 23, 2023, the IRS announced that it will moveforward with the launch of its own free tax filing program DIRECT FILE, for the 2024 filing season. its own free tax filing program DIRECT FILE, for the 2024 filing season ALASKA ARIZONA CALIFORNIA FLORIDA...
by Value Stock Players | May 30, 2024 | Your Taxes
TAX CREDITS Tax credits are perhaps the greatest tax break of all.Let’s look at a scenario: Maybe your overall income for the year was $50,000. You spend $8,000 of that on IRS-friendly deductible expenses. You will pay your ordinary tax rate on $42,000, assuming that...
by Value Stock Players | Apr 30, 2024 | Your Taxes
WATCH FOR TAX BRACKET CHANGES Withdrawals from non-Roth retirement accounts can push you into a higher tax bracket. Bracket tax rates are referred to as “marginal” because they apply to your highest dollar of income. For example, you will pay only 10% in 2023 on...
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