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The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of the agency’s historic modernization efforts.
The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the Tuesday, April 15 federal deadline. More than half of all tax returns are expected to be filed this year with the help of a tax professional, and the IRS urges people to use a trusted tax pro to avoid potential scams and schemes.
The conversations and guidance we have with our children makes a huge difference in the way we view #money as an adult.
This is such a gracious response to someone who was in a quandary about saving for retirement while expecting the rapture to happen at any moment.
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- Student loans are among the MOST DIFFICULT debt to payoffWe feel your pain. There no real easy way out so give it your best. Don’t expect the loan servicers to have your best interest in mind. They’d love to keep you paying as long as possible and do so by making it difficult for borrowers to track balances and to make payments in amounts… Read more: Student loans are among the MOST DIFFICULT debt to payoff
- Tax “deferred” Retirement Savings Plans…Smooth now, Stings LaterTax “deferred” retirement savings plans (IRA, 401k…) feel smooth now, but they have a nasty bite in the end. All of my tax clients who saved for retirement using tax deferred plans are now paying taxes up the wazooooo! They’re paying taxes on the income they “deferred” PLUS any interest or dividends that money gained.… Read more: Tax “deferred” Retirement Savings Plans…Smooth now, Stings Later
- 2023 Tax Year Greetings VideoI wanted to drop this greetings and info video to you as a little something to help us all prepare to conquer this tax season. Between this video, information on my tax services web page, and the email message sent on January 27, we should be ready to start preparing for tax season. Check out… Read more: 2023 Tax Year Greetings Video
- 2022 Tax Season Wrap-up!It’s April 16, 2023, and I have just about wrapped-up this years tax returns for on-time tax filings! Thank you, everyone, who met the timelines to get all of your documents to me, questions answered, documents signed, and payments made. It’s been a GREAT tax season! THANK YOU! Some Things To Know Wishing you the… Read more: 2022 Tax Season Wrap-up!