Overcast 42°
Tag:

Tax Credit

News
2025 Tax Season Begins: What You Need To Know About Expanded Options, New Tools 2025 Tax Season Begins: What You Need To Know About Expanded Options, New Tools
2025 Tax Season Begins: What You Need To Know About Expanded Options, New Tools Early filers, get ready. The 2025 tax season is here! The IRS will start accepting and processing tax returns on Monday, Jan. 27, the agency said in a news release. IRS Free File also became available on Friday, Jan. 10 to taxpayers who qualify through private-sector partners. With more than 140 million tax returns expected, the IRS urged taxpayers to take advantage of updated online resources and consider using trusted tax preparers to avoid scams. "This has been a historic period of improvement for the IRS, and people will see additional tools and features to help them with filing their …

SHARE

by Chris Spiker
News
IRS Sending Special Payments To 1 Million Americans: Here's What To Know IRS Sending Special Payments To 1 Million Americans: Here's What To Know
IRS Sending Special Payments To 1 Million Americans: Here's What To Know The Internal Revenue Service (IRS) announced it will issue automatic payments this month to nearly one million taxpayers who didn’t claim the Recovery Rebate Credit on their 2021 tax returns.  These payments aim to assist eligible individuals who missed claiming the credit, which provides up to $1,400 per person for those who didn’t receive the full amount of their Economic Impact Payments (EIPs). Who Will Receive Payments? Eligible taxpayers include those who filed a 2021 tax return but either left the Recovery Rebate Credit field blank or entered $0 despite qualifying. Payments wil…

SHARE

by Joe Lombardi
News
New Local Income Tax Coming To 4 Communities In PA County: Officials New Local Income Tax Coming To 4 Communities In PA County: Officials
New Local Income Tax Coming To 4 Communities In PA County: Officials Four Delaware County communities are imposing a new local earned income tax in 2025, according to tax officials. Upper Darby and Upper Providence townships and Ridley Park and Aldan boroughs will join other communities in the county that already collect the tax, Keystone Collections said in a Thursday, Nov. 13 news release. This is a 1 percent tax assessed to residents regardless of where they work and to nonresidents who work in the community, according to Keystone Collections, the officials responsible for collecting the tax. The tax becomes effective on Wednesday, Jan. 1, when the four …

SHARE

by Merriell Moyer