Tag: irs
-
How to file an extension for IRS taxes?
To file an extension for IRS taxes, you can follow these steps: Remember that an extension gives you extra time to file your tax return, but it does not give you extra time to pay if you owe. You are obligated to pay taxes due on April 15, 2025, to avoid penalties and interest. It’s…
-
IRS Standard Deduction for 2023, 2024, and 2025
The IRS standard deduction is a crucial tax benefit that allows taxpayers to reduce their taxable income without itemizing individual deductions. This section provides an overview of the standard deduction amounts for the upcoming years and insights into understanding and maximizing this important tax-saving opportunity. Understanding the Standard Deduction What is the Standard Deduction? The…