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The IRS is making its free tax filing tool available to all

May 30, 2024
Taxpayers told Marketplace they were satisfied with the service, and were able to save money this year.
The new IRS free federal filing service was only available to select people this year, but the people who did use it praise its simplicity.
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Your last-minute guide to Tax Day

Apr 15, 2024
While today is the deadline to pay taxes, you can still file an extension.
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Filing your taxes this year may include more AI

Apr 15, 2024
Tax software companies like Intuit and H&R Block are turning to generative artificial intelligence to give products an edge.
Intuit and H&R Block introduced dueling AI assistants late last year, but experts say they're not wholly reliable.
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Mentorship, education are seen as ways to tackle accountant shortage

Apr 12, 2024
​The industry is trying to reverse the decline in college students studying accounting with incentives like scholarships and mentoring.
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The IRS pilots its free tax-filing program

The new program, called Direct File, has been rolled out in a dozen states. But how does it stack up to private tax-filing software?
“I give it a solid B,” says Dylan Matthews of Vox about the IRS' free filing software.
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Vacant office buildings create a tax revenue problem for cities

Feb 16, 2024
Take Boston. Over the next five years, that city could face a tax revenue shortfall to the tune of $1.2 to $1.5 billion, according to a new study from the Boston Policy Institute.
Over the next five years, Boston could face a tax revenue shortfall of up to $1.5 billion.
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If your student loans were forgiven last year, what does that mean for your tax bill?

Feb 15, 2024
Due to a temporary change in the law, student loan forgiveness is not considered federally taxable income. State tax laws vary, though.
Anyone who received forgiveness in 2023 or gets it in the next two years doesn’t have to worry about federal taxes.
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The 2024 tax bracket changes and what they mean

Jan 15, 2024
To keep up with inflation, tax brackets are adjusted every year using a measure calculated by the IRS. What adjustments were made this year?
Inflation adjustments on our tax brackets haven't always been calculated in the way they are today. "In 2017, Congress switched to the slower method of inflation adjustments," said Wall Street Journal reporter Ashlea Ebeling. "And that just means that the brackets aren't going up as much as they used to."
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