Updates to 2024 Federal Taxes
IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!
The IRS announced today a record number of tax returns filed electronically during 2013. 122 million returns were e-filed this year, up 2.5% from the number of returns filed electronically in 2012.
The IRS announced today a record number of tax returns filed electronically during 2013. 122 million returns were e-filed this year, up 2.5% from the number of returns filed electronically in 2012.E-filed returns from tax preparers reached more than 77 million returns, up slightly from the previous year. Individuals preparing and e-filing from their home computers reached 45.2 million returns, an increase of 4.6% over last year. 91 percent of all tax returns filed by individuals were prepared on computers using tax preparation software, which greatly improves the accuracy of those returns. The IRS highlights a few statistics about this year’s filing season:
• During 2013, the IRS issued more than 109 million refunds totaling almost $300 billion.
• Almost 77% of individuals receiving refunds from the IRS, chose to do so through direct deposit.
• IRS.gov increased in popularity as a resource for individuals looking to file their returns, resolve issues, and get answers. With 430 million visits, the website had 24% more visits than the previous year.
IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!
Check out the updated 2024 Federal benefit limits for 401(k), HSA, and simple IRA, and more. Stay informed and plan your finances with confidence!
New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.