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\nYou can start filing your taxes on Monday, January 23, but the 2023 tax season might look a little different than previous years.<\/p>\n
\nYou can start filing your taxes on Monday, January 23, but the 2023 tax season might look a little different than previous years.<\/p>\n
According to the IRS, more than 168 million Americans are expected to file their taxes.<\/p>\n
Experts say this year the child tax credit has gone down. Last year it was $3,600 since the increase came with President Joe Biden’s American Rescue Plan. This year, eligible parents will only receive $2,000 from the tax benefit.<\/p>\n
Under the Inflation Reduction Act, some corporations will pay more taxes than they currently pay.<\/p>\n
For example, under the new law, large businesses with more than one billion dollars in reported income will pay a minimum corporate tax rate of 15%.<\/p>\n
According to the IRS, with the three previous tax seasons dramatically impacted by the pandemic, it has taken additional steps for 2023 to improve service for taxpayers.<\/p>\n
As part of the August passage of the Inflation Reduction Act, the IRS has hired more than 5,000 new telephone assistors and added more in-person staff to help support taxpayers.<\/p>\n
The deadline to file taxes for most Americans is set for Tuesday, April 18.<\/p>\n
While Tax Day is typically designated as April 15, this year’s deadline differs due to April 15 falling on a Saturday.
\nSource: WDRB<\/p>\n","protected":false},"excerpt":{"rendered":"
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