Tag Archive for: irs tax return

Worried You’ll Owe the IRS Taxes On Your 2022 Return? Three Moves To Make Now

Worried about getting stuck with a huge tax bill when you file your 2022 taxes in 2023? The good news is that there are steps you can take to lower your IRS bill for 2022. But you'll need to make these three moves before the year wraps up. CLICK ON THE HEADLINE FOR MORE

IRS Is Rewarding Retirement Savers With Up To $2,000 — Are You Eligible?

Formerly known as the Retirement Savings Contribution credit, the Saver's Credit tax break is available to low- and moderate-income earners who tuck away money for retirement. You can get a credit worth as much as $2,000 if you're filing your tax return as a married couple ($1,000 if filing single). For a break down of the rules as well as the 2022 income ranges and credit rates, CLICK ON THE HEADLINE

Over 60 Million Tax Returns Could Be Completed Automatically, Study Shows

The IRS may have the ability to automate nearly half of tax returns, according to a paper from the National Bureau of Economic Research. The findings show the agency could correctly auto-fill an estimated 62 million to 73 million returns with information it already has, covering 41% to 48% of taxpayers. CLICK ON THE HEADLINE FOR MORE