Tax pros, third-party settlement organizations, e-commerce platforms (including eBay, PayPal, Etsy, CashApp, and Venmo), and individuals and small businesses that use those platforms to sell their products and services celebrated this tax season 2023. The Internal Revenue Service (IRS) announced […]
Parents should expect smaller refunds
At the beginning of the tax season, the IRS said many filers should expect smaller refunds. Sure enough, as of the third week in February, the average refund was down 11 percent to $3,140. The 2021 tax year was unique […]
2022 Individual Income Tax Brackets
Tax brackets are the dollar ranges that dictate what percentage of earnings is subject to tax. The higher the tier, the higher the tax rate, which is capped at 37 percent for the biggest earners and 10 percent at the […]