Tag: irs
-
How to file an extension for IRS taxes?
To file an extension for IRS taxes, you can follow these steps: Use IRS Free File: You can electronically request an automatic tax-filing extension using IRS Free File on IRS.gov. This method is available to all individual filers regardless of income and at no cost. Pay online and click on extension: Pay what you owe…
-
IRS Standard Deduction for 2023, 2024, and 2025
The IRS standard deduction is a crucial tax benefit that allows taxpayers to reduce their taxable income without itemizing individual deductions. This section provides an overview of the standard deduction amounts for the upcoming years and insights into understanding and maximizing this important tax-saving opportunity. Understanding the Standard Deduction What is the Standard Deduction? The…