Tag Archive for: standard deduction

2022 Tax Brackets: How Record-Breaking Inflation Will Affect Your Taxes

With the U.S. experiencing its highest inflation in 30 years, the IRS just announced that it’s adjusting the standard deduction, income tax rates and dozens of other tax provisions for 2022. CLICK ON THE HEADLINE FOR MORE

12 Tax Deductions That Have Disappeared

The Tax Cuts and Jobs Act of 2017 was touted as the largest tax overhaul in 30 years and a mixed bag for some households. Here are 12 tax deductions that disappeared and won't be available this spring: CLICK ON THE HEADLINE FOR MORE

Four Costly Tax Mistakes To Avoid

Simple errors could cost hundreds or even thousands of dollars if you don't get things right the first time when dealing with the IRS. To help you avoid errors that could come back to haunt you, here are four big mistakes to be aware of. CLICK ON THE HEADLINE FOR MORE

Angry About Your Tax Refund This Year? You’re Not Alone

The tax refund story kicked off with miserable headlines based on early returns back in February. Although things don't look nearly as dire since then, tax refunds basically look flat after sweeping tax cuts. So what gives? CLICK ON THE HEADLINE FOR MORE

Here’s Why Getting Exactly ‘Zero’ Back From The IRS Might Be A Good Thing

Hitting zero with the taxman — that is, neither owing a balance nor receiving a refund — is an indication that you paid exactly the amount of tax liability you owed. CLICK ON THE HEADLINE FOR MORE

Smaller Tax Refund This Year? Here Is Why, And How To Fix It Next Time

Millions of Americans are finding their refunds are smaller this year. For the three reasons why, CLICK ON THE HEADLINE