Monday, January 13, 2025
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IRS 2025 Tax Bracket Changes Could Be a Win for Your Paycheck

Now that we're in 2025, the Internal Revenue Service's updated income tax brackets and higher standard deductions have taken effect. Depending on your income level,...

Want to File Your Taxes for Free? IRS Free File Opens Friday

Although tax season doesn't officially begin until later this month, IRS Free File will open to millions of eligible taxpayers this Friday, Jan. 10....

If You Made Money via PayPal, Venmo or Cash App in 2024, Get Ready for This IRS Tax Change

This tax season, freelancers and side hustlers may receive an unfamiliar form in the mail -- IRS tax form 1099-K. After two years of delays,...

Crypto industry groups sue IRS over broker reporting rule

Three crypto industry groups — the DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council — are suing the Internal Revenue Service...

Did You Make $5,000 or More via PayPal, Venmo or Cash App? The IRS Will Know About It

After back-to-back delays, the IRS will move forward with a new tax-reporting rule for freelancers who are paid through third-party apps. If you made...

Taxpayers Beware: IRS Warns of Holiday Season Scams and Fraudsters

You might not expect to hear much from the Internal Revenue Service before January, when the 2025 tax filing season properly gets underway. However,...
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