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Showing posts with the label income taxes

Creating IRS login, view transcripts, online payments & refund status

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 Instructional video for creating an IRS.gov account to view your account balances, download transcripts, make online payments, track refunds etc. At the time of posting, the IRS has partnered with ID Me to verify identities as a part of creating an account on IRS.gov . Please follow the on-screen prompts & have all of the information requested handy in order to complete this process. (Video via Tax Tutor) Where's My Refund? (Fed & State) You can now check on the latest 3 years of Fed filings for " Where's my Refund " tool. IRS-2-Go App will allow you to check refund status as well. IRS: Arkansas: For the state of Arkansas you can go to atap.arkansas.gov Enter primary taxpayer SSN & expected refund amount. Missouri: To check on the refund status for the state of Missouri, you would go to Missouri Return Tracker website & enter your details.

2023 Tax Changes

Comprehensive Tax Changes for Tax Year 2023 Income Tax Brackets 2023  Although the tax rates didn't change, the income tax brackets for 2023 are much wider than for 2022. The difference is due to the rising inflation during the 12-month period from September 2021 through August 2022, which is used to calculate the adjustments.  2022 Tax Brackets for Single/Married Filing Jointly/Head of Household Tax Rate Taxable Incme (Single) Taxable Income (Married Filing Jointly) Taxable Income (Head of Household) 10% Up to $11,000 Up to $22,000 Up to $15,700 12% $11,001 to $44,725 $22,001 to $89,450 $15,701 to $59,850 22% $44,726 to $95,375 $89,451 to $190,750 $59,851 to $95,350 24% $95,376 to $182,100 $190,751 to $364,200 $95,351 to $182,100 32% $182,101 to $231,250 $364,201 to $462,500 $182,101 to $231,250 35% $231,251 to $578,125 $462,501 to $693,750 $231,251 to $578,100 37% Over $578,125 Over $693,750 Over $578,100 Long-Term Capital Gains Tax Rates Tax rates on long-term capital gains...