Tax Day is here, but the expanded Child Tax Credit never materialized

[ad_1] Earlier this year, the federal Child Tax Credit appeared headed for an expansion that would have helped lift hundreds of thousands of children out of poverty. But the expanded CTC failed to materialize ahead of the April 15 tax deadline, and its future appears uncertain.  The bill, called the Tax Relief for American Families … Read more

These businesses are offering Tax Day discounts and freebies

[ad_1] Tax Day tips for last-minute filers Tax Day tips for last-minute filers 03:25 A range of businesses across the U.S. are offering Tax Day deals and freebies, including tax-themed discounts on drinks and snacks. Here’s a roundup of some of the best 2024 Tax Day deals. BurgerFi Fast-casual restaurant chain BurgerFi is offering 15% off … Read more

Many taxpayers fear getting audited by the IRS. Here are the odds based on your income.

[ad_1] IRS Audits help the agency collect money that tax cheats owe the federal government, but experts say they also serve another important purpose: They help deter fraud. That can cause some serious agita, of course. The IRS says about 6 in 10 taxpayers cite the anxiety of getting audited as a motive for being … Read more

Americans think they pay too much in taxes. Here’s who pays the most and least to the IRS.

[ad_1] Most Americans think they pay too much in federal income taxes, and about 6 in 10 mistakenly believe middle-income households shoulder the highest tax burden. In fact, only about 18% of adults correctly identified the group facing the highest federal tax burden, which are high-income Americans, according to a January poll from AP-NORC.  With … Read more

Here’s where U.S. homeowners pay the most — and least — in property taxes

[ad_1] Rising U.S. real estate prices and higher mortgage rates aren’t the only challenges to owning a home these days. Between 2022 and 2023, property taxes shot up as much as 31% in some parts of the country, recent data shows.  Homeowners saw their property taxes increase an average of 4.1% over that period, according … Read more

Haven’t filed your taxes yet? Here are some last-minute tips

[ad_1] Haven’t filed your taxes yet? Here are some last-minute tips – CBS News Watch CBS News Americans have until April 15 to file their taxes or file an extension. If you live in Maine or Massachusetts, you have until April 17. An expert offers some last-minute tips if you still have to file. Be … Read more

Expert on maximizing your tax refund

[ad_1] Expert on maximizing your tax refund – CBS News Watch CBS News As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans … Read more