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THE TAKE: The IRS is completing its second tax return filing season with increased funding from the 2022 Inflation Reduction Act, which initially provided $80 billion in funding over 10 years to ...
For tax-filing season 2023, seven tax software companies are participating in the Free File Program. For tax-filing season 2024, the IRS announced a pilot of Direct File , where people can calculate and submit their federal taxes and some state taxes in partnership with select state tax agencies for free.
The 2024 United States Senate elections in California will be held on November 5, 2024, to elect a member of the United States Senate to represent the state of California. There will be two ballot items for the same Class 1 seat: a special election to fill the seat for the final weeks of the 118th United States Congress (ending on January 3 ...
Payroll tax. As of 2020, California charges between 3.4 (new employers) and 6.2 percent (maximum) in Unemployment Insurance (UI) Tax on the first 7000 dollars of wages in a year, paid by the employer. Employment Training Tax (ETT) is 0.1 percent, paid by some employers, on the first 7000 dollars of wages. State Disability Insurance (SDI) Tax is ...
The IRS announced Friday that tax filing season won’t start until February 12 this year. However, the tax deadline, for now, remains the usual April 15 in 2021. Filing season typically starts in ...
The cap on the deduction that taxpayers in high-tax states are able to take against their federal returns was set at $10,000 in the 2017 law and has been a concern for Republicans in high-tax ...
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