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Four big things the winners of Congress will have to tackle in 2025
Whichever party wins control of the House and Senate must decide how to handle a slew of consequential policy matters.
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There's still time to reduce your 2024 tax bill with these strategies
There’s still time to lower your taxes or boost your refund for 2024, financial experts say. Here are some strategies to consider before year-end.
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How new tax changes for 2025 could affect federal tax liabilities for families
The IRS has announced new changes affecting the earned income tax credit, child tax credit, adoption credit and annual gift tax exclusion for 2025.
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IRS announces new federal income tax brackets for 2025
The IRS has announced higher federal income tax brackets and standard deductions for 2025. Here’s what taxpayers need to know.
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Explaining the child tax credit with the ‘Give me my money' TikTok challenge
Will the IRS “give you your money!?” Watch this explainer to see if you will qualify for the federal child tax credit.
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Treasury proposes rule to prevent large corporations from evading income taxes
The Biden administration has proposed a new rule that would require the largest U.S. companies to pay at least 15% of their profits in taxes.
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Texas would need about $81.5 billion a year to end property taxes, officials say
Budget officials say Texas would have to spend tens of billions of dollars to eliminate property taxes, more than half of the state’s current two-year budget.
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The IRS has a method of ‘last resort' to collect overdue taxes: Revoking your passport
The State Department can deny a passport application or revoke an active passport if the IRS certifies a tax debt as “seriously delinquent.”
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Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision
Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years.
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IRS collects milestone $1 billion in back taxes from high-wealth cheats
The milestone is meant to showcase how the agency is making use of the money it received as part of the Biden administration’s Inflation Reduction Act. It comes as Republicans threatened cuts to the IRS.
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IRS has taken nearly 2 years to help tax identity theft victims get their refunds
Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements.
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Tarrant County increases homestead exemption to maximum allowed by state law
The Tarrant County Commissioners Court says they’re increasing the homestead property tax exemption approved for homeowners last year to the maximum allowed by state law.
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IRS unveils plan to end another major tax loophole for the wealthy and raise $50 billion in the process
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
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These tax strategies can be a ‘silver lining' after a prolonged job layoff, advisor says
You could leverage tax planning strategies after unemployment if your income is lower in 2024, experts say. Here’s what to know.
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IRS announces Direct File as permanent free tax-filing option starting next year
The IRS announced that Direct File, a free tax-filing option for simplified tax returns, will be a permanent option starting next year.
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How to prepare for a property tax protest
Watch for expert information on the evidence to collect and the common mistakes to avoid if you plan to protest your property taxes.
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How to prepare for a property tax protest
Read on for expert information on the evidence to collect and the common mistakes to avoid if you plan to protest your property taxes.
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Do you have an unclaimed IRS refund? Here's how to find it before the May 17 deadline
The IRS estimates Texans have $107 million in unclaimed federal income tax refunds for the 2020 tax year and the deadline is fast-approaching.
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It's Tax Day. And your refund may be larger than usual this year
On this Tax Day, refunds are looking a bit bigger for taxpayers.
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Tax Day is Monday and help is still available
Ahead of Monday’s deadline to file a federal income tax return, the IRS Taxpayer Assistance Center in downtown Dallas is open on Saturday, April 13 from 9 a.m. to 4 p.m.