Tax Tips: Get ready for tax filing season 2025
As tax filing season approaches, the IRS Get Ready campaign reminds taxpayers of simple steps they can take now to get ready to file their 2024 federal tax returns. As the IRS continues its digital transformation, it’s making filing easier for taxpayers by providing new online tools as well as expanding and updating other digital tools.
Access IRS Online Account for helpful information
Taxpayers can create or access their personal IRS Online Account, where they can find all their tax-related information for the 2025 filing season. New users will need to have a photo ID ready to verify their identity.
Through their IRS Online Account, taxpayers can:
• View key details from their most recent tax return, such as adjusted gross income.
• Request an Identity Protection PIN.
• Get account transcripts to include wage and income records.
• Sign tax forms such as powers of attorney or tax information authorizations.
• View and edit language preferences request and alternative media such as Braille, large print and more.
• Receive and view over 200 IRS electronic notices.
• View, make and cancel payments.
• Set up or change payment plans and check their balance.
Gather and organize tax documents
Having well-organized tax records can make filing a complete and accurate return easier and help avoid errors that can delay refunds. This may also help the taxpayer identify deductions or credits that may have been overlooked.
Most income is taxable, including unemployment compensation, refund interest and income from the gig economy and digital assets. Taxpayers should watch for and gather essential forms, such as Forms W-2, Wage and Tax Statement and other income documents
Helpful IRS resources and online tools
IRS.gov is a valuable resource for taxpayers, offering a variety of online tools such as the IRS Online Account for individuals available 24/7. These tools help individuals file and pay taxes, track refunds, access account information and get answers to many tax questions. Taxpayers can save time by bookmarking these resources on their browser for easy access
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Tax Tips: Final 2024 quarterly estimated tax payment due Jan. 15
WASHINGTON – The Internal Revenue Service today encouraged taxpayers who paid too little tax in 2024 to make a fourth quarter estimated tax payment on or before Jan. 15, 2025.
Income taxes are pay-as-you-go, meaning taxpayers must pay most of their tax throughout the year in which their income is earned or received. Usually this is done by withholding tax from paychecks or by making quarterly estimated tax payments to the IRS (or by a combination of both).
However, taxpayers who pay quarterly sometimes overlook this step, and missing a quarterly payment can result in unexpected penalties and fees when they file their returns in 2025.
Who needs to make a payment?
Taxpayers who earn or receive income that is not subject to tax withholding, such as self-employed people or independent contractors, should pay their taxes quarterly to the IRS.
Taxpayers who owed on their most recent return may find they owe again when they file the following year and should consider making an estimated quarterly payment to avoid a potential tax bill or penalty.
Taxpayers in this situation normally include:
• Those who itemized in the past but are now taking the standard deduction.
• Two wage-earner households.
• Employees with non-wage sources of income such as dividends.
• Those with complex tax situations.
• Those who failed to increase their tax withholding.
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【全國新聞】由2025年5月起民眾必須出示Real ID真實身份證或護照，才能通過機場安檢並且登機。
同普通身份證不一樣，Real ID真實身份證的右側上面有一顆星，由2025年5月7號起，民眾過安檢時必須出示真實身份證，否則就要出示護照或加強版駕照，才可以登機。
www.ktsf.com/2024/12/31/real-id-deadline-3/
#ktsf26 #realid #旅遊 #美國
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