18
Nov 24
2024 Tax Changes: What You Need to Know
Every year brings new tax law changes to keep American taxpayers on their toes, and 2024 is no different. From simple inflation updates to changes in Form 1099-K reporting requirements, here’s everything you need to know about 2024 tax changes before you file your income tax return. At a glance:…
18
Nov 24
Understanding Adjusted Gross Income (AGI)
As a taxpayer, you’ve undoubtedly heard about adjusted gross income, or AGI, which plays a pivotal role in your taxes. Let’s take a deep dive into what AGI is and why it’s so important. At a glance: AGI is your gross income minus specific adjustments, which the IRS uses to…
18
Nov 24
Do I Need to File Taxes?
Not every American taxpayer must file a tax return, even if you earned taxable income during the year. Let’s review how much you need to make to be required to file an income tax return. At a glance: Your age, income, and filing status determine whether you must file a…
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