2024 IRS Tax Season Calendar and Key Filing Dates

The table below shows key dates and events for filing tax returns and paying taxes with the IRS. You can jump to FAQs and past tax year schedules in the sections below. 2024 Tax Filing Schedule for Returns & Extensions The IRS has confirmed that they will start accepting and …

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How Much Will 2024 Social Security and SSI Increase After Record 2023 COLA Increase – Extra Monthly Payment Amount

[Updated for projected 2024 Increase] Soaring inflation and related Fed rate hiking actions had a silver lining for many eligible recipients in 2023, with a 8.7% increase (~$145 p/month) in Social Security (SS) benefits and Supplemental Security Income (SSI) payments in 2023. The 2024 increase however is expected to much smaller as inflation cools, …

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How Much Higher Will Mortgage Rates Go This Year

With the Fed’s aggressive actions in raising rates to tackle inflation, economists are predicting that rates will continue rising for the remainder of the year. This is based on the dramatic rise of the 10 year Treasury yield over the last month to which mortgage rates are loosely tied. The …

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The 10 Largest Tax Breaks In The Income Tax system

The Congressional Budget Office (CBO) has published an interesting report titled, The Distribution of Major Tax Expenditures in the Individual Income Tax System, that shows how 10 of the largest tax breaks, credits and deductions are distributed across household with different income levels. These tax breaks (or tax expenditures as …

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Housing Market Outlook

My realtor who helped with buying my home a few years ago occasionally sends me newsletters on the state of the US housing market. For the most part this is marketing material looking for referrals and to keep her in mind if when I decide to sell or upgrade. But …

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2013 IRS Official Tax Updates – Tax Rate Schedules, Standard Deduction, Personal Exemption and AMT update

The IRS has published its official 2013 changes reflecting annual inflation adjustments and tax table updates from the recently passed Fiscal Cliff legislation, officially known as the American Taxpayer Relief Act of 2012. Key changes include: For 2013 the 39.6 percent tax rate has been reinstated for individuals whose income exceeds $400,000 ($450,000 for married …

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