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2. IRS to test free tax software in 13 eligible states for 2024

   www.aol.com/irs-test-free-tax-software-182601216...

   The IRS is gearing up to introduce new, user-friendly tax preparation software for the 2024 tax season, aiming to simplify the tax filing process. The free program, called “Direct File," will be ...

3. 4 Ways To Find Tax Deductions That Work For You in 2024 - AOL

   www.aol.com/finance/4-ways-tax-deductions-2024...

   According to the IRS, deductions lower your income before you calculate the tax you owe. Most people take the standard deduction of $13,850 for single individuals or $27,700 for married couples ...

4. Tax Freedom Day - Wikipedia

   en.wikipedia.org/wiki/Tax_Freedom_Day

   Tax Freedom Day is a concept developed and trademarked by American businessman Dallas Hostetler, which aims to calculate the first day of the year on which a nation as a whole has theoretically earned enough income to pay its taxes. Every dollar that is officially considered income by the government is counted, and every payment to the ...

5. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   New Hampshire – no individual income tax. The state taxes dividends and interest at 3% in 2024. The former 5% tax was decreasing by 1% each year, but a 2023 law accelerated the repeal to the start of 2025. [15] For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business ...

6. Tax returns in the United States - Wikipedia

   en.wikipedia.org/wiki/Tax_returns_in_the_United...

   Other popular tax software includes: TaxACT at 7%, Tax Hawk (including FreeTaxUSA) at 5.9%, Credit Karma's free tax software (now owned by Intuit/TurboTax) at 1.7%, and TaxSlayer at 1.5%. [ 6 ] In some countries, the tax agency provides a prefilled return to streamline the process, but the United States has failed to adopt these technologies as ...

7. IRS releases 2024 tax brackets. See how it affects you and ...

   www.aol.com/irs-releases-2024-tax-brackets...

   For married individuals in 2024, the tax brackets will differ as follows: Income up to $23,200 will be taxed at a rate of 10% of the taxable income. 12% for incomes over $23,200.