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Are you over 50 and looking to minimize your tax burden — and maximize your savings? See 9 catch-ups, credits and exemptions for the 2024 tax year.
A crucial deadline is coming later this month for some taxpayers who may be owed their share of an estimated $1 billion in refunds, the Internal Revenue Service announced.
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Taxation in the United States. The Internal Revenue Service ( IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law.
The Commissioner of Internal Revenue is the head of the Internal Revenue Service (IRS), [1] an agency within the United States Department of the Treasury. [2] The office of Commissioner was created by Congress as part of the Revenue Act of 1862. [3]
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The federal government now lists models that are pre-approved to receive a tax credit; some other models may qualify on an ad hoc basis. US Department of Energy's Tax Credit Requirements. The Department of Energy has specific requirements that car manufactures must meet, in order to receive tax credits from the government.
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