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Sometimes, you just need more time. With the deadline to file a tax return with the IRS fast approaching, options are available for those feeling the pressure of time slipping away. Veuer’s Maria Mercedes Galuppo has the story.
Tax Time Crunch: Navigating IRS Extensions for Last-Minute Filers
⏲ 0:41 👁 2.7M
The Millionaire Morning Show w/ Anton Daniels
IRS Released New Tax Brackets, Middle-Class Got Screwed, Rich Will Get Richer, Poor Won't Matter 🤔
⏲ 26 minutes 35 seconds 👁 56.8K
Travis Sickle
How to estimate your personal income taxes
⏲ 4 minutes 48 seconds 👁 58.4K
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 2.2M
ClearValue Tax
Tax Brackets Explained For Beginners in The USA
⏲ 4 minutes 29 seconds 👁 133.8K
Travis Sickle
IRS Form W4 TAX ADJUSTMENT
⏲ 9 minutes 13 seconds 👁 32.5K
The deadline to file your taxes this year is Monday, April 15th, but the IRS is warning taxpayers of one other crucial deadline.The Federal Tax Collector said roughly 940,000 people in the U.S. have until May 17th to submit tax returns for unclaimed refunds for tax year 2020, which totals more than $1 billion nationwide.
Over 1 Billion in Unclaimed Taxes in 2020
⏲ 0:59 👁 850K
The Organic Chemistry Tutor
How To Calculate Federal Income Taxes - Social Security & Medicare Included
⏲ 25 minutes 5 seconds 👁 150.2K
Teach Me! Personal Finance
How to use the IRS Tax Withholding Estimator Tool (A walkthrough)
⏲ 20 minutes 13 seconds 👁 1.4K
IRS Says Deadline Approaching , For Over $1 Billion , in 2020 Tax Refunds.<br/>NBC reports that the Internal Revenue Service has <br/>alerted anyone who didn't file a tax return at the height <br/>of the pandemic that they may be eligible for a refund.<br/>According to the IRS, over $1 billion<br/>in unclaimed refunds for 2020 <br/>are waiting to be claimed. .<br/>Due to the COVID-19 pandemic, <br/>U.S. taxpayers got an extension on <br/>the normal three-year filing window. .<br/>The new due date is now May 17, 2024, <br/>meaning the last chance for taxpayers <br/>to claim their 2020 refund is looming. .<br/>There’s money remaining <br/>on the table for hundreds <br/>of thousands of people who <br/>haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.<br/>There’s money remaining <br/>on the table for hundreds <br/>of thousands of people who <br/>haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.<br/>We want taxpayers to claim these refunds, <br/>but time is running out for people who may <br/>have overlooked or forgotten about these <br/>refunds. There’s a May 17 deadline to file <br/>these returns so taxpayers should start <br/>soon to make sure they don’t miss out, Danny Werfel, IRS Commissioner, via NBC.<br/>According to IRS estimates, , the median refund , for 2020 was $932. .<br/>People faced extremely unusual <br/>situations during the pandemic, <br/>which may have led some people <br/>to forget about a potential refund <br/>on their 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.<br/>People may have just overlooked these, <br/>including students, part-time workers <br/>and others. Some people may not realize <br/>they may be owed a refund. We encourage <br/>people to review their files and start <br/>gathering records now, so they don’t <br/>run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC.<br/>People may have just overlooked these, <br/>including students, part-time workers <br/>and others. Some people may not realize <br/>they may be owed a refund. We encourage <br/>people to review their files and start <br/>gathering records now, so they don’t <br/>run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC.<br/>NBC reports that the IRS noted that 2020 <br/>tax refunds could be withheld if the taxpayer <br/>also failed to file returns in 2021 or 2022
IRS Says Deadline Approaching For Over $1 Billion in 2020 Tax Refunds
⏲ 1:31 👁 1.1M
Professor Ikram
Calculating Federal Income Taxes Using Excel | 2023 Tax Brackets
⏲ 12 minutes 29 seconds 👁 14.1K
CNBC Television
IRS raises income threshold and standard deduction for all tax brackets
⏲ 2 minutes 10 seconds 👁 22.7K
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