Taxes by Tammy

: If you claim an or ACTC, the law requires to hold the tax refund for a period to review. Barring other issues, the first of these refunds should be available by February 27, 2024, if using direct deposit.

https://x.com/irsnews/status/1741836841899217402?s=46&t=metLbqWMTURfF1_0zee_TQ

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You may receive a smaller tax refund in 2023 — here’s why Wondering ‘How much will my tax refund be this year?’ — the IRS says to possibly expect less than last year.

What the IRS’s New Tax Brackets Mean for You Changes to brackets, deductions and other benefits will lower some Americans’ tax burden for 2023.

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IRS increases mileage rate for remainder of 2022 | Internal Revenue Service IR-2022-124, June 9, 2022 — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain oth...

Home Ownership Tax Deductions You know that you can get an income tax deduction on the mortgage interest you pay. But there are other tax deductions you can take on your principal residence or second home -- such as property taxes.