The ‘Holiday Money Hunt’ is a public awareness campaign meant to help Florida families potentially find some extra money they may not have known was owed to them in time for the holiday season. According to a release from Florida’s Chief Financial Officer, the state has about $2.9 billion in unclaimed property ready to be found by unknowing residents. Find out how to check if that money belongs to you.
There are many positive effects of donating beyond helping those in need. If you have experienced a high-income year, it is advisable to take advantage of charitable contributions to help you lower your taxable income.
For nearly two years more than a dozen automated collection letters and notices associated with the filing of a tax return or payment of tax have been on pause. Catching up from its backlog, the IRS has started sending out notices in limited circumstances.
The IRS announced annual inflation adjustments for tax year 2024 in a Nov. 9 news release. More than 60 provisions were revised, including standard deductions and all seven tax brackets. The changes will apply to income tax returns filed in 2025. Here’s how the revisions will impact you.
The COLA adjustments applicable to dollar limitations on benefits and contributions for retirement plans generally effective for Tax Year 2024 were just announced.