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Wondering when you’ll receive your IRS income tax refund in May 2025? In this video, we break down the important dates you need to know to track your refund. From filing deadlines to expected payment dates, we’ve got you covered! Learn about any potential delays and how to avoid common mistakes that can slow down your refund. Stay ahead of ...

In this video, we dive into the latest updates from the IRS regarding the $2,000 stimulus checks specifically designed for seniors. With the re-delivery set for May 1st, we’ll cover everything you need to know about eligibility, how to apply, and what this means for you or your loved ones. 🔍 What You’ll Learn: - Who qualifies for the ...

Are There Free Tax Services For Seniors? Navigating tax season can be a challenge, especially for seniors who may have specific tax concerns. In this informative video, we will discuss the free tax services available to seniors in the United States. We will cover programs designed to assist older adults with their tax preparation needs ...

Can CPAs Help With Tax Planning? Navigating the world of finance in elder care can be challenging, but having the right support can make all the difference. In this informative video, we will discuss the role of Certified Public Accountants (CPAs) in tax planning and how they can assist families managing the financial aspects of caring for ...

👉 Read the full article here: https://epgunderson.com/article/awards-of-federal-tax-credits-will-help-build-four-affordable-housing-projects-in-vermont Discover how Vermont is transforming its housing landscape with $3.4 million in federal tax credits to build 128 affordable homes across the state. Learn about the four key projects in Barre ...

Still waiting for your tax refund? You're not alone! In this video, we break down the most common reasons why tax refunds are delayed in 2025. From processing backlogs to errors on your return, we explain what could be holding up your money and what steps you can take to speed things up. Learn how to track your refund and when you should ...

The clock’s ticking. April 23, 2025, and tax season’s fallout is hitting hard. Property taxes—levied by local governments on homes and land—are a big chunk of your annual bill, averaging $1,598 nationally but soaring to $9,345 in places like New Jersey. With the IRS down 15,000 jobs, federal chaos could spill over into local tax ...

👉🏻 1. Home Accessibility Tax Credit (HATC): Provides financial relief for homeowners who make their homes more accessible for seniors or people with disabilities. The maximum claimable amount is up to $10,000 in eligible expenses. 👉🏻 2. Ontario Energy and Property Tax Credit (OEPTC): Helps low- to moderate-income homeowners offset ...

The IRS has officially announced that $1,550 stimulus checks are being distributed to eligible low-income seniors across 36 approved states. This financial support aims to help ease the burden of rising living costs for those on fixed incomes. If you or a loved one are a senior receiving limited income, check to see if your state is included ...

This finance video explains how to calculate the amount you owe in federal income taxes. It also explains how to calculate the amount of fica taxes or social security and medicare taxes that you need to pay if you're self-employed. In addition, it discusses how to calculate the amount of state income taxes that are due. Finally, this video ...

This video explains the difference between tax deductions and tax credits. An example is provided to demonstrate how tax credits reduce tax due dollar-for-dollar whereas tax deductions reduce taxable income. — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s ...

Preparing for tax season 2026? Discover the newly increased standard deductions and expanded tax brackets that will affect your 2025 income taxes.

How to fill out 1040sr for Seniors. Married Filing Jointly. Step by Step Walkthrough of NEW Senior 2021 is close to 2020 Tax Return 1040SR. New IRS Form 1040-SR 1040SR is for taxpayers 65 years old or older New Simplified tax return.. 1040 SR replaces 1040EZ 1-800-Tax-Form Call to get a 1040SR sent to you. https://www.irs.gov/pub/irs-pdf/f1040s ...

We’re talking about housing for four weeks, thanks to the support of the RWJF! In the last episode, we introduced you to the pathways by which we might think about improving housing for low-income individuals. Today we’re going to get specific. One policy which focuses on affordability is the Low-Income Housing Tax Credit. TR Goldman wrote ...

*IMPORTANT: Due to tax relief related to the COVID-19 outbreak, the information in this video may not include the latest updates. Visit https://www.irs.gov/coronavirus for more information. The IRS Small Business and Self-Employed Tax Center is your one-stop online resource for all small business and self-employed tax forms and helpful ...

What Are Tax Credits For Education? In this informative video, we’ll clarify the role of tax credits in making higher education more affordable. We’ll discuss the two primary types of education tax credits available in the United States: the American Opportunity Tax Credit and the Lifetime Learning Credit. Each of these credits has specific ...

This video is about tax advice for people making under $40,000 a year. We want to provide you valuable tax advice to make sure you are optimizing your tax return in order to pay less tax, get out of IRS penalties, and use all available tax credits to your advantage. Ultimately, if you want to pay less taxes to the IRS and make sure you are ...

JUST IN: Senate Confirms $4,200 Stimulus for Seniors — Check Eligibility NOW! The Senate has just confirmed a game-changing stimulus payment of four thousand two hundred dollars specifically for seniors across the United States This much-needed financial relief aims to help older Americans who are facing economic hardships due to inflation ...

Taxpayers who are 65 or older are granted a credit by the IRS. This credit may also be available if you are under the age of 65 but retired on permanent and total disability. These credits hold income limits ranging from $12,500 for married filing separate and living apart to $25000 for married filing joint with both spouses being eligible ...

Are There Tax Credits For Home Insulation? Are you considering making energy-efficient upgrades to your home? In this informative video, we’ll cover everything you need to know about tax credits available for home insulation improvements. We’ll break down the types of insulation that qualify for these credits and how they can help you save ...

Preparing for tax season 2026? Discover the newly increased standard deductions and expanded tax brackets that will affect your 2025 income taxes.

A step-by-step explanation on how to fill out Form 941. Businesses with employees must file IRS Form 941 on a quarterly basis to report income taxes, Social Security taxes, and Medicare taxes that they’ve withheld from employee paychecks. This form is also used to report the employer’s quarterly portion of Social Security and Medicare taxes ...

Does Self-employment Status Affect Long-term Care Tax Deductions? In this informative video, we will discuss the relationship between self-employment and long-term care tax deductions. Understanding how self-employment status can affect your ability to deduct long-term care expenses is essential for effective tax planning. We will cover the ...

NBC’s Tom Costello joins Shep Smith to report the IRS is raising the income threshold for all tax brackets, as well as increasing the standard deduction. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https ...

If this is your first time filing a tax return, learn about important reminders and a free tool to make it easy. Just go to https://www.irs.gov #adulting #irs Follow us: Twitter – https://twitter.com/irsnews Facebook – https://www.facebook.com/IRS/ LinkedIn – https://www.linkedin.com/company/irs Instagram – https://www.instagram.com/irsnews

Great news for seniors! The Senate has confirmed a $4,200 stimulus payment for eligible senior citizens. In this video, we discuss who qualifies for this payment, how to check your eligibility, and what you need to do to receive the funds. If you’re a senior or know someone who is, be sure to watch and share this important information. Don ...

Retirement is a time to relax and spend some much-deserved time with your friends and loved ones, and maximizing your retirement tax benefits is a great way to help ensure your finances are well looked after. Here's a few ways to make sure you're capitalizing on these benefits. 0:00 Intro 0:31 Splitting your pension 1:28 Sharing your pension 2: ...

Hint: Your accountant doesn't even know about these tax credits. Become a Tax Client: https://mycpacoach.com/tax-planning-services/ Do you want to know how the rich get away with paying little to no taxes, while many others overpay on their taxes? Like, do you REALLY want to know? Well here it is - Tax Credits and Tax Incentives! In this ...

Can I Claim The Child Tax Credit For A College Student? In this informative video, we will clarify how the Child Tax Credit applies to college students and what families need to know when filing their taxes. We'll outline the specific criteria that determine eligibility for claiming credits for older dependents, including the age requirements ...

There’s a simple calculation that will help determine if your Social Security benefits may be taxable. Or let the Interactive Tax Assistant do the calculation for you. Learn more at https://www.irs.gov/ita. #socialsecurity #tax

A tax credit is an amount of money that you can subtract, dollar for dollar, from the income taxes you owe. Find out if tax credits can save you money.

Some people would say there’s not a lot to like about getting older, but federal lawmakers have seen to it that seniors get some nice tax breaks *A bigger standard deduction–When you turn 65, the IRS provides you with a larger standard deduction.

https://turbotax.intuit.com The Lifetime Learning tax credit is available to anyone who takes at least one class during the year at a post-secondary school, whether it counts toward a degree or not. Obtain the available tax credits for students with information from TurboTax in this video on annual tax filing. TurboTax Home: https://turbotax ...

Social Security Updates For SSI SSDI VA Retirees Increased Social Security Payment Updates Social Security Expansion and Increased Benefits Subscribe For Updates On These Important Topics Covered On This Channel: - Social Security Increases - Stimulus Programs That Give You Money - $200 Social Security Increase - $15,000 Home Buyer Credit - IRS ...

8 tax breaks for homeowners in 2025. 👉 BEST Virtual Address for Business: https://bit.ly/44Tv7TC 👉 Free LLC Operating Agreement: https://bit.ly/2TQ1Itk Homeownership offers some of the best tax deductions and credits that can save you thousands of dollars in taxes. Yet, every year, homeowners miss out because they are not aware. But you ...

The Child Tax Credit is slated to begin its first-ever monthly payments on July 15, when the IRS will begin sending checks to eligible families with children ages 17 or younger. CBS News MoneyWatch reporter Aimee Picchi joins "CBSN AM" to talk about who's eligible for what, and when parents can expect the money. CBSN is CBS News’ 24/7 digital ...

Big changes by the IRS could help your household budget starting next year. The tax brackets are shifting higher by 5.4% to adjust for high inflation.

Good news, IRS has confirmed the $ stimulus check will be going to discuss who will be receiving the payment when the money is arriving. What are the deadlines? What you need to do what forms you need to fill all the important details so what is this video carefully This video update covers several financial topics, including the status of ...

Determining your adjusted gross income is essential in the tax filing process. Here are some tips for doing so.

If you receive advance payments of the Premium Tax Credit, it's important to report changes to your family size, income and marital status as soon as they happen. To learn more, go to www.irs.gov/aca.

The new year will bring new financial changes in the form of taxes, payments, deductions, and more. The laundry list of changes includes an increase in tax brackets and a decrease in employment insurance on pay stubs. »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS Connect with CBC News Online: For breaking news, video ...

With just ONE week to Tax Day, the countdown is on! To help navigate the changes in 2025, I’d like to offer you the opportunity to speak with Andy Phillips, Vice President of The Tax Institute at H&R Block. A seasoned tax expert, he can provide valuable insights on a broad range of tax questions— from deductions and credits, when to expect ...

The Inflation Reduction Act contains many incentives to go green as the legislation includes thousands of dollars in tax credits and rebates that cover purchases like electric vehicles, solar panels, or other energy-efficient upgrades to homes. NBC News’ Joshua Johnson sits down with Ibrahim AlHusseini, founder of an investment firm that ...

State and local property taxes can be deducted from federal income taxes up to a limit. These generally don't include taxes on renovations or services.

CHILD TAX CREDITS: Tens of millions of families have been sent the first payment of the expanded child tax credit, the IRS and the Treasury Department said.

There are some important changes to the Child Tax Credit this year that are beneficial for millions of American families. In this episode of “Tax File Minute: Answers from a Tax Insider,” Jackson Hewitt’s Chief Tax Information Officer Mark Steber answers the most commonly asked questions about the new Child Tax Credit advance monthly ...

The standard deduction for federal income taxes is adjusted each year to account for inflation. For the 2024 tax year, the standard deduction has increased. This allows taxpayers to reduce their taxable income without itemizing deductions. The larger standard deduction can lead to lower overall tax liability for many filers.

The IRS on Thursday announced higher inflation adjustments and new tax brackets for the 2024 tax year, potentially giving Americans a chance to increase their take-home pay next year.

Forty-year high inflation has driven up the standard deduction for 2023, as well as the tax brackets, earned income tax credit and more.