
Preparing for Your 2024 Tax Filing
The IRS continually reminds taxpayers to prepare for tax season. You should be aware of tax deadline dates. Also, if you have digital assets, you must report all digital asset-related income when you file.
The IRS continually reminds taxpayers to prepare for tax season. You should be aware of tax deadline dates. Also, if you have digital assets, you must report all digital asset-related income when you file.
The Arizona Department of Revenue (ADOR) provides individual income tax filing tips for 2024 tax returns and important due dates.
The IRS encourages taxpayers who paid too little tax in 2024 to make a fourth quarter estimated payment on or before January 15, 2025.
There are many tax uncertainties facing the end of 2024. Mainly, whether proposals from the presidential candidates will affect taxes. However, in any year, you can apply core tax planning strategies relative to income and deductions.
What are the rules for deducting business expenses for your business? To be deductible, a business expense must be both ordinary and necessary for your trade or business.
The second quarter estimated tax payment deadline is June 17, 2024. Taxpayers should remember this deadline to avoid falling behind on their taxes and facing possible underpayment penalties. Taxpayers should also remember that third quarter payments are due September 16, 2024, and the final estimated tax payment for tax year 2024 is due January 15, 2025.
Taxpayers who make energy improvements to a residence may be eligible for home energy tax credits. The credit amounts and types of qualifying expenses were expanded by the Inflation Reduction Act of 2022.
The first quarter estimated tax payment for tax year 2024 is due April 15. Estimated payments apply to self-employed individuals, retirees, investors, businesses, and corporations.