The Middle Class tax refund (MCTR) by the state of California is tax-free as per the announcement made by IRS on Feb. 10, 2023, vide R-2023-23. Similar to middle class tax refund by California, IRS also announced exemption for other...
Read moreTax credit for pets is a bonus to 69% of Americans who seek love, joy & affection from -dogs or cats, birds, or other animals. A January 2018 survey of 2,004 pet owners by Credit Karma Tax® revealed 45% of pet owners...
Read moreThe 2022 tax refund released by IRS during tax season 2023 should not shock anyone because the laws enacted to support people suffering from the Covid-19 pandemic are no more valid for the tax year 2022. People got higher refunds...
Read moreTax season 2023 started on January 23rd, 2023. So, it is time to start preparing for the federal tax return for the tax year 2022, for which the due date is 18th April 2023. Some people need to file the...
Read moreMarginal Tax Rates 2022 & 2023 will immediately be required when you start preparing for the tax filing in tax season 2023 .The concept of marginal tax rate and the Effective Tax Rates are two important concepts in the US...
Read morePremium Tax Credits are a form of financial assistance the government provides to help individuals and families afford health insurance. The credits are available to individuals and families with income below a certain level. They can be used to lower...
Read more