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13 Weird Things The IRS Considers Taxable, From Bribes To March Madness Pools

It may be obvious to everyday taxpayers that they must report their wages, but few likely realize the feds also expect a cut of their profits from more under-the-radar ways of accruing income.
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Inflation Boosted The 2023 Federal Income Tax Brackets. Here’s How Your Taxes May Compare To 2022

The IRS made annual inflation adjustments for dozens of tax provisions, including the federal income tax brackets for 2023, which may affect next year’s taxes, experts say.
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IRS Says You Can Still Claim One Type of Stimulus Money This Tax Filing Season

The stimulus relief authorized by the American Rescue Plan Act that the IRS explained is still available in 2022 relates to a specific kind of tax credit that was expanded by the COVID-19 legislation. Taxpayers may still qualify for temporarily expanded eligibility of the Premium Tax Credit.
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Seven Questions To Ask Your Accountant Before You File Your Taxes

With tax deadline day only weeks away, Americans are working away at their IRS returns and facing all the usual difficulties. As with any learning experience, a good way to gain insider knowledge of taxes and filing is to ask a trusted accountant or other tax specialists. Before filing taxes and risking negative outcomes, you can get ahead of the problem by asking a professional some critical questions.
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How Young Retirees Sidestep Early 401(k) Withdrawal Penalties

By migrating some or all of your retirement funds into a Roth IRA, you can access your money sooner. By using conversion ladders, money can be accessed penalty-free before the traditional withdrawal age of 59 1/2.
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3 IRS Deductions You Can’t Take This Year, Experts Warn

Before you file, you'll want to be aware of any changes for the 2023 tax season. Experts warn that there are a few key deductions you can't take this year—which could affect what your refund adds up to. There are also a few updates to tax credits as well. CLICK ON THE HEADLINE FOR MORE