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TalenEnergy

PostPosted: Thu Apr 10, 2025 1:14 am


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BREAKING
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Tax season has opened: Here are key things to know before you file your taxes
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Personal Finance
Tax season has opened: Here are key things to know before you file your taxes
Published Tue, Jan 28 20258:59 AM ESTUpdated Tue, Jan 28 20251:52 PM EST
thumbnail
Kate Dore, CFP®, EA
@in/katedore/
Share
Share Article via Facebook
Share Article via Twitter
Share Article via LinkedIn
Share Article via Email
Key Points
The 2025 tax season opened for individual filers on Jan. 27.
This season, many qualify for free filing options, such as Direct File, IRS Free File or Volunteer Tax Assistance.
Those affected by natural disasters, such as California wildfire victims, may have extensions to file and pay.
Woman planning home budget and using calculator
Rockaa | E+ | Getty Images
As tax season opened on Jan. 27, the IRS received millions of returns, with many filers eager for a refund.

Nearly 40% of taxpayers will rely on refunds this year to make ends meet, according to a Credit Karma survey that polled 1,000 adults in late December and early January.

Meanwhile, the IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 federal deadline.

There are, however, some key things to know before filing your taxes this season.

More from Personal Finance:
Here’s how to get the ‘fastest refund possible’ as tax season opens, experts say
This free tax filing option is ‘fast and simple,’ IRS says. Here’s who can use it
30 million people could qualify to use IRS free Direct File program

Many taxpayers qualify for free filing options
If you’re eager to file your taxes for free, there are several options for your 2024 filing, according to financial experts.

This season, more than 30 million taxpayers may be eligible for Direct File, the IRS’ free tax filing program, according to the U.S. Department of the Treasury.

Direct File has expanded to 25 states and “will cover more tax situations than last year,” former IRS Commissioner Danny Werfel told reporters during a press call in early January.

Sign Up for Our Newsletter
Your Wealth
Weekly advice on managing your money
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Get this delivered to your inbox, and more info about about our products and services.
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Another option, IRS Free File, offers free guided tax prep software if your adjusted gross income, or AGI, was $84,000 or less in 2024.

An estimated 70% of taxpayers qualify for IRS Free File, but only a fraction of eligible filers use it, according to Tim Hugo, executive director of the Free File Alliance.

Many filers also qualify for more guidance via Volunteer Income Tax Assistance, or VITA, a free IRS-run program. You’re generally eligible with an AGI of $67,000 or less.

Tax relief for natural disaster victims
While the federal tax deadline is April 15 for most filers, some tax filers, including California wildfire victims, have extensions to file returns and pay taxes owed. The IRS provides a detailed breakdown of IRS tax relief by date.

Congress in December also extended tax relief for certain victims affected by federally declared natural disasters from 2020 to early 2025. As a result, some filers could qualify for a bigger tax break for losses.

Tax Tip: Free filingwatch now
VIDEO00:26
Tax Tip: Free filing
Missing forms could delay your return
While it may be tempting to file your return quickly, it is important to gather the necessary tax forms first, according to certified public accountant Brian Long, senior tax advisor at Wealth Enhancement in Minneapolis. Otherwise, the IRS systems could flag your return for missing or inaccurate information, which could delay processing.

However, you can use your “prior-year tax return as a checklist” for accuracy, Long added.

While many tax forms arrive in January, others may come between mid-February and March or later, experts say.

Trending Now
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
S&P 500 futures fall after historic rally on Trump’s tariff walkback
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California.
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California.
Here’s how China could crush the U.S. housing market
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Traders work on the floor at the New York Stock Exchange on April 9, 2025.
Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal
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PostPosted: Thu Apr 10, 2025 1:16 am


evil evil evil

CavaRestaurant



AxonResearch

Captain

Conservative Trader

11,900 Points
  • Popular Thread 100
  • Forum Junior 100
  • Invisibility 100
PostPosted: Thu Apr 10, 2025 1:18 am


evil evil evil
PostPosted: Fri Apr 11, 2025 12:43 am


Skip Navigation
BREAKING
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause

logo

logo
Tax season has opened: Here are key things to know before you file your taxes
Livestream
CREATE FREE ACCOUNT

Personal Finance
Tax season has opened: Here are key things to know before you file your taxes
Published Tue, Jan 28 20258:59 AM ESTUpdated Tue, Jan 28 20251:52 PM EST
thumbnail
Kate Dore, CFP®, EA
@in/katedore/
Share
Share Article via Facebook
Share Article via Twitter
Share Article via LinkedIn
Share Article via Email
Key Points
The 2025 tax season opened for individual filers on Jan. 27.
This season, many qualify for free filing options, such as Direct File, IRS Free File or Volunteer Tax Assistance.
Those affected by natural disasters, such as California wildfire victims, may have extensions to file and pay.
Woman planning home budget and using calculator
Rockaa | E+ | Getty Images
As tax season opened on Jan. 27, the IRS received millions of returns, with many filers eager for a refund.

Nearly 40% of taxpayers will rely on refunds this year to make ends meet, according to a Credit Karma survey that polled 1,000 adults in late December and early January.

Meanwhile, the IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 federal deadline.

There are, however, some key things to know before filing your taxes this season.

More from Personal Finance:
Here’s how to get the ‘fastest refund possible’ as tax season opens, experts say
This free tax filing option is ‘fast and simple,’ IRS says. Here’s who can use it
30 million people could qualify to use IRS free Direct File program

Many taxpayers qualify for free filing options
If you’re eager to file your taxes for free, there are several options for your 2024 filing, according to financial experts.

This season, more than 30 million taxpayers may be eligible for Direct File, the IRS’ free tax filing program, according to the U.S. Department of the Treasury.

Direct File has expanded to 25 states and “will cover more tax situations than last year,” former IRS Commissioner Danny Werfel told reporters during a press call in early January.

Sign Up for Our Newsletter
Your Wealth
Weekly advice on managing your money
SIGN UP NOW
Get this delivered to your inbox, and more info about about our products and services.
By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
Another option, IRS Free File, offers free guided tax prep software if your adjusted gross income, or AGI, was $84,000 or less in 2024.

An estimated 70% of taxpayers qualify for IRS Free File, but only a fraction of eligible filers use it, according to Tim Hugo, executive director of the Free File Alliance.

Many filers also qualify for more guidance via Volunteer Income Tax Assistance, or VITA, a free IRS-run program. You’re generally eligible with an AGI of $67,000 or less.

Tax relief for natural disaster victims
While the federal tax deadline is April 15 for most filers, some tax filers, including California wildfire victims, have extensions to file returns and pay taxes owed. The IRS provides a detailed breakdown of IRS tax relief by date.

Congress in December also extended tax relief for certain victims affected by federally declared natural disasters from 2020 to early 2025. As a result, some filers could qualify for a bigger tax break for losses.

Tax Tip: Free filingwatch now
VIDEO00:26
Tax Tip: Free filing
Missing forms could delay your return
While it may be tempting to file your return quickly, it is important to gather the necessary tax forms first, according to certified public accountant Brian Long, senior tax advisor at Wealth Enhancement in Minneapolis. Otherwise, the IRS systems could flag your return for missing or inaccurate information, which could delay processing.

However, you can use your “prior-year tax return as a checklist” for accuracy, Long added.

While many tax forms arrive in January, others may come between mid-February and March or later, experts say.

Trending Now
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
S&P 500 futures fall after historic rally on Trump’s tariff walkback
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California.
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California.
Here’s how China could crush the U.S. housing market
U.S. President Donald Trump speaks, ahead of signing executive orders, in the Oval Office at the White House in Washington, D.C., U.S., April 9, 2025.
Trump tariffs: World reacts as White House issues temporary tariff reprieve; China’s duties kick in
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal
CNBC logo
Subscribe to CNBC PRO
Subscribe to Investing Club
Licensing & Reprints
CNBC Councils
Select Personal Finance
CNBC on Peacock
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Select Shopping
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Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

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Data also provided by
Reuters logo


AxonResearch

Captain

Conservative Trader

11,900 Points
  • Popular Thread 100
  • Forum Junior 100
  • Invisibility 100

Broadcom

PostPosted: Fri Apr 11, 2025 12:44 am


Skip Navigation
BREAKING
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause

logo

logo
Tax season has opened: Here are key things to know before you file your taxes
Livestream
CREATE FREE ACCOUNT

Personal Finance
Tax season has opened: Here are key things to know before you file your taxes
Published Tue, Jan 28 20258:59 AM ESTUpdated Tue, Jan 28 20251:52 PM EST
thumbnail
Kate Dore, CFP®, EA
@in/katedore/
Share
Share Article via Facebook
Share Article via Twitter
Share Article via LinkedIn
Share Article via Email
Key Points
The 2025 tax season opened for individual filers on Jan. 27.
This season, many qualify for free filing options, such as Direct File, IRS Free File or Volunteer Tax Assistance.
Those affected by natural disasters, such as California wildfire victims, may have extensions to file and pay.
Woman planning home budget and using calculator
Rockaa | E+ | Getty Images
As tax season opened on Jan. 27, the IRS received millions of returns, with many filers eager for a refund.

Nearly 40% of taxpayers will rely on refunds this year to make ends meet, according to a Credit Karma survey that polled 1,000 adults in late December and early January.

Meanwhile, the IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 federal deadline.

There are, however, some key things to know before filing your taxes this season.

More from Personal Finance:
Here’s how to get the ‘fastest refund possible’ as tax season opens, experts say
This free tax filing option is ‘fast and simple,’ IRS says. Here’s who can use it
30 million people could qualify to use IRS free Direct File program

Many taxpayers qualify for free filing options
If you’re eager to file your taxes for free, there are several options for your 2024 filing, according to financial experts.

This season, more than 30 million taxpayers may be eligible for Direct File, the IRS’ free tax filing program, according to the U.S. Department of the Treasury.

Direct File has expanded to 25 states and “will cover more tax situations than last year,” former IRS Commissioner Danny Werfel told reporters during a press call in early January.

Sign Up for Our Newsletter
Your Wealth
Weekly advice on managing your money
SIGN UP NOW
Get this delivered to your inbox, and more info about about our products and services.
By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
Another option, IRS Free File, offers free guided tax prep software if your adjusted gross income, or AGI, was $84,000 or less in 2024.

An estimated 70% of taxpayers qualify for IRS Free File, but only a fraction of eligible filers use it, according to Tim Hugo, executive director of the Free File Alliance.

Many filers also qualify for more guidance via Volunteer Income Tax Assistance, or VITA, a free IRS-run program. You’re generally eligible with an AGI of $67,000 or less.

Tax relief for natural disaster victims
While the federal tax deadline is April 15 for most filers, some tax filers, including California wildfire victims, have extensions to file returns and pay taxes owed. The IRS provides a detailed breakdown of IRS tax relief by date.

Congress in December also extended tax relief for certain victims affected by federally declared natural disasters from 2020 to early 2025. As a result, some filers could qualify for a bigger tax break for losses.

Tax Tip: Free filingwatch now
VIDEO00:26
Tax Tip: Free filing
Missing forms could delay your return
While it may be tempting to file your return quickly, it is important to gather the necessary tax forms first, according to certified public accountant Brian Long, senior tax advisor at Wealth Enhancement in Minneapolis. Otherwise, the IRS systems could flag your return for missing or inaccurate information, which could delay processing.

However, you can use your “prior-year tax return as a checklist” for accuracy, Long added.

While many tax forms arrive in January, others may come between mid-February and March or later, experts say.

Trending Now
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
S&P 500 futures fall after historic rally on Trump’s tariff walkback
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California.
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California.
Here’s how China could crush the U.S. housing market
U.S. President Donald Trump speaks, ahead of signing executive orders, in the Oval Office at the White House in Washington, D.C., U.S., April 9, 2025.
Trump tariffs: World reacts as White House issues temporary tariff reprieve; China’s duties kick in
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal
CNBC logo
Subscribe to CNBC PRO
Subscribe to Investing Club
Licensing & Reprints
CNBC Councils
Select Personal Finance
CNBC on Peacock
Join the CNBC Panel
Supply Chain Values
Select Shopping
Closed Captioning
Digital Products
News Releases
Internships
Corrections
About CNBC
Ad Choices
Site Map
Podcasts
Careers
Help
Contact
News Tips
Got a confidential news tip? We want to hear from you.

Get In Touch
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© 2025 CNBC LLC. All Rights Reserved.
A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers
Data also provided by
Reuters logo
PostPosted: Fri Apr 11, 2025 12:48 am


evil evil evil

CavaRestaurant


TalenEnergy

PostPosted: Fri Apr 11, 2025 12:49 am


Skip Navigation
BREAKING
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause

logo

logo
Tax season has opened: Here are key things to know before you file your taxes
Livestream
CREATE FREE ACCOUNT

Personal Finance
Tax season has opened: Here are key things to know before you file your taxes
Published Tue, Jan 28 20258:59 AM ESTUpdated Tue, Jan 28 20251:52 PM EST
thumbnail
Kate Dore, CFP®, EA
@in/katedore/
Share
Share Article via Facebook
Share Article via Twitter
Share Article via LinkedIn
Share Article via Email
Key Points
The 2025 tax season opened for individual filers on Jan. 27.
This season, many qualify for free filing options, such as Direct File, IRS Free File or Volunteer Tax Assistance.
Those affected by natural disasters, such as California wildfire victims, may have extensions to file and pay.
Woman planning home budget and using calculator
Rockaa | E+ | Getty Images
As tax season opened on Jan. 27, the IRS received millions of returns, with many filers eager for a refund.

Nearly 40% of taxpayers will rely on refunds this year to make ends meet, according to a Credit Karma survey that polled 1,000 adults in late December and early January.

Meanwhile, the IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 federal deadline.

There are, however, some key things to know before filing your taxes this season.

More from Personal Finance:
Here’s how to get the ‘fastest refund possible’ as tax season opens, experts say
This free tax filing option is ‘fast and simple,’ IRS says. Here’s who can use it
30 million people could qualify to use IRS free Direct File program

Many taxpayers qualify for free filing options
If you’re eager to file your taxes for free, there are several options for your 2024 filing, according to financial experts.

This season, more than 30 million taxpayers may be eligible for Direct File, the IRS’ free tax filing program, according to the U.S. Department of the Treasury.

Direct File has expanded to 25 states and “will cover more tax situations than last year,” former IRS Commissioner Danny Werfel told reporters during a press call in early January.

Sign Up for Our Newsletter
Your Wealth
Weekly advice on managing your money
SIGN UP NOW
Get this delivered to your inbox, and more info about about our products and services.
By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
Another option, IRS Free File, offers free guided tax prep software if your adjusted gross income, or AGI, was $84,000 or less in 2024.

An estimated 70% of taxpayers qualify for IRS Free File, but only a fraction of eligible filers use it, according to Tim Hugo, executive director of the Free File Alliance.

Many filers also qualify for more guidance via Volunteer Income Tax Assistance, or VITA, a free IRS-run program. You’re generally eligible with an AGI of $67,000 or less.

Tax relief for natural disaster victims
While the federal tax deadline is April 15 for most filers, some tax filers, including California wildfire victims, have extensions to file returns and pay taxes owed. The IRS provides a detailed breakdown of IRS tax relief by date.

Congress in December also extended tax relief for certain victims affected by federally declared natural disasters from 2020 to early 2025. As a result, some filers could qualify for a bigger tax break for losses.

Tax Tip: Free filingwatch now
VIDEO00:26
Tax Tip: Free filing
Missing forms could delay your return
While it may be tempting to file your return quickly, it is important to gather the necessary tax forms first, according to certified public accountant Brian Long, senior tax advisor at Wealth Enhancement in Minneapolis. Otherwise, the IRS systems could flag your return for missing or inaccurate information, which could delay processing.

However, you can use your “prior-year tax return as a checklist” for accuracy, Long added.

While many tax forms arrive in January, others may come between mid-February and March or later, experts say.

Trending Now
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
S&P 500 futures fall after historic rally on Trump’s tariff walkback
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California.
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California.
Here’s how China could crush the U.S. housing market
U.S. President Donald Trump speaks, ahead of signing executive orders, in the Oval Office at the White House in Washington, D.C., U.S., April 9, 2025.
Trump tariffs: World reacts as White House issues temporary tariff reprieve; China’s duties kick in
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal
CNBC logo
Subscribe to CNBC PRO
Subscribe to Investing Club
Licensing & Reprints
CNBC Councils
Select Personal Finance
CNBC on Peacock
Join the CNBC Panel
Supply Chain Values
Select Shopping
Closed Captioning
Digital Products
News Releases
Internships
Corrections
About CNBC
Ad Choices
Site Map
Podcasts
Careers
Help
Contact
News Tips
Got a confidential news tip? We want to hear from you.

Get In Touch
CNBC Newsletters
Sign up for free newsletters and get more CNBC delivered to your inbox

Sign Up Now
Get this delivered to your inbox, and more info about our products and services.

Advertise With Us
Please Contact Us
Privacy Policy
California Consumer Privacy Act (CCPA) Opt-Out Icon
Your Privacy Choices
CA Notice
Terms of Service
© 2025 CNBC LLC. All Rights Reserved.
A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers
Data also provided by
Reuters logo
PostPosted: Fri Apr 11, 2025 12:51 am


Skip Navigation
BREAKING
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause

logo

logo
Tax season has opened: Here are key things to know before you file your taxes
Livestream
CREATE FREE ACCOUNT

Personal Finance
Tax season has opened: Here are key things to know before you file your taxes
Published Tue, Jan 28 20258:59 AM ESTUpdated Tue, Jan 28 20251:52 PM EST
thumbnail
Kate Dore, CFP®, EA
@in/katedore/
Share
Share Article via Facebook
Share Article via Twitter
Share Article via LinkedIn
Share Article via Email
Key Points
The 2025 tax season opened for individual filers on Jan. 27.
This season, many qualify for free filing options, such as Direct File, IRS Free File or Volunteer Tax Assistance.
Those affected by natural disasters, such as California wildfire victims, may have extensions to file and pay.
Woman planning home budget and using calculator
Rockaa | E+ | Getty Images
As tax season opened on Jan. 27, the IRS received millions of returns, with many filers eager for a refund.

Nearly 40% of taxpayers will rely on refunds this year to make ends meet, according to a Credit Karma survey that polled 1,000 adults in late December and early January.

Meanwhile, the IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 federal deadline.

There are, however, some key things to know before filing your taxes this season.

More from Personal Finance:
Here’s how to get the ‘fastest refund possible’ as tax season opens, experts say
This free tax filing option is ‘fast and simple,’ IRS says. Here’s who can use it
30 million people could qualify to use IRS free Direct File program

Many taxpayers qualify for free filing options
If you’re eager to file your taxes for free, there are several options for your 2024 filing, according to financial experts.

This season, more than 30 million taxpayers may be eligible for Direct File, the IRS’ free tax filing program, according to the U.S. Department of the Treasury.

Direct File has expanded to 25 states and “will cover more tax situations than last year,” former IRS Commissioner Danny Werfel told reporters during a press call in early January.

Sign Up for Our Newsletter
Your Wealth
Weekly advice on managing your money
SIGN UP NOW
Get this delivered to your inbox, and more info about about our products and services.
By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
Another option, IRS Free File, offers free guided tax prep software if your adjusted gross income, or AGI, was $84,000 or less in 2024.

An estimated 70% of taxpayers qualify for IRS Free File, but only a fraction of eligible filers use it, according to Tim Hugo, executive director of the Free File Alliance.

Many filers also qualify for more guidance via Volunteer Income Tax Assistance, or VITA, a free IRS-run program. You’re generally eligible with an AGI of $67,000 or less.

Tax relief for natural disaster victims
While the federal tax deadline is April 15 for most filers, some tax filers, including California wildfire victims, have extensions to file returns and pay taxes owed. The IRS provides a detailed breakdown of IRS tax relief by date.

Congress in December also extended tax relief for certain victims affected by federally declared natural disasters from 2020 to early 2025. As a result, some filers could qualify for a bigger tax break for losses.

Tax Tip: Free filingwatch now
VIDEO00:26
Tax Tip: Free filing
Missing forms could delay your return
While it may be tempting to file your return quickly, it is important to gather the necessary tax forms first, according to certified public accountant Brian Long, senior tax advisor at Wealth Enhancement in Minneapolis. Otherwise, the IRS systems could flag your return for missing or inaccurate information, which could delay processing.

However, you can use your “prior-year tax return as a checklist” for accuracy, Long added.

While many tax forms arrive in January, others may come between mid-February and March or later, experts say.

Trending Now
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
S&P 500 futures fall after historic rally on Trump’s tariff walkback
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California.
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California.
Here’s how China could crush the U.S. housing market
U.S. President Donald Trump speaks, ahead of signing executive orders, in the Oval Office at the White House in Washington, D.C., U.S., April 9, 2025.
Trump tariffs: World reacts as White House issues temporary tariff reprieve; China’s duties kick in
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal
CNBC logo
Subscribe to CNBC PRO
Subscribe to Investing Club
Licensing & Reprints
CNBC Councils
Select Personal Finance
CNBC on Peacock
Join the CNBC Panel
Supply Chain Values
Select Shopping
Closed Captioning
Digital Products
News Releases
Internships
Corrections
About CNBC
Ad Choices
Site Map
Podcasts
Careers
Help
Contact
News Tips
Got a confidential news tip? We want to hear from you.

Get In Touch
CNBC Newsletters
Sign up for free newsletters and get more CNBC delivered to your inbox

Sign Up Now
Get this delivered to your inbox, and more info about our products and services.

Advertise With Us
Please Contact Us
Privacy Policy
California Consumer Privacy Act (CCPA) Opt-Out Icon
Your Privacy Choices
CA Notice
Terms of Service
© 2025 CNBC LLC. All Rights Reserved.
A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers
Data also provided by
Reuters logo

VistraEnergy


Microstrategy

PostPosted: Fri Apr 11, 2025 12:52 am


Skip Navigation
BREAKING
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause

logo

logo
Tax season has opened: Here are key things to know before you file your taxes
Livestream
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Tax season has opened: Here are key things to know before you file your taxes
Published Tue, Jan 28 20258:59 AM ESTUpdated Tue, Jan 28 20251:52 PM EST
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Kate Dore, CFP®, EA
@in/katedore/
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Key Points
The 2025 tax season opened for individual filers on Jan. 27.
This season, many qualify for free filing options, such as Direct File, IRS Free File or Volunteer Tax Assistance.
Those affected by natural disasters, such as California wildfire victims, may have extensions to file and pay.
Woman planning home budget and using calculator
Rockaa | E+ | Getty Images
As tax season opened on Jan. 27, the IRS received millions of returns, with many filers eager for a refund.

Nearly 40% of taxpayers will rely on refunds this year to make ends meet, according to a Credit Karma survey that polled 1,000 adults in late December and early January.

Meanwhile, the IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 federal deadline.

There are, however, some key things to know before filing your taxes this season.

More from Personal Finance:
Here’s how to get the ‘fastest refund possible’ as tax season opens, experts say
This free tax filing option is ‘fast and simple,’ IRS says. Here’s who can use it
30 million people could qualify to use IRS free Direct File program

Many taxpayers qualify for free filing options
If you’re eager to file your taxes for free, there are several options for your 2024 filing, according to financial experts.

This season, more than 30 million taxpayers may be eligible for Direct File, the IRS’ free tax filing program, according to the U.S. Department of the Treasury.

Direct File has expanded to 25 states and “will cover more tax situations than last year,” former IRS Commissioner Danny Werfel told reporters during a press call in early January.

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Another option, IRS Free File, offers free guided tax prep software if your adjusted gross income, or AGI, was $84,000 or less in 2024.

An estimated 70% of taxpayers qualify for IRS Free File, but only a fraction of eligible filers use it, according to Tim Hugo, executive director of the Free File Alliance.

Many filers also qualify for more guidance via Volunteer Income Tax Assistance, or VITA, a free IRS-run program. You’re generally eligible with an AGI of $67,000 or less.

Tax relief for natural disaster victims
While the federal tax deadline is April 15 for most filers, some tax filers, including California wildfire victims, have extensions to file returns and pay taxes owed. The IRS provides a detailed breakdown of IRS tax relief by date.

Congress in December also extended tax relief for certain victims affected by federally declared natural disasters from 2020 to early 2025. As a result, some filers could qualify for a bigger tax break for losses.

Tax Tip: Free filingwatch now
VIDEO00:26
Tax Tip: Free filing
Missing forms could delay your return
While it may be tempting to file your return quickly, it is important to gather the necessary tax forms first, according to certified public accountant Brian Long, senior tax advisor at Wealth Enhancement in Minneapolis. Otherwise, the IRS systems could flag your return for missing or inaccurate information, which could delay processing.

However, you can use your “prior-year tax return as a checklist” for accuracy, Long added.

While many tax forms arrive in January, others may come between mid-February and March or later, experts say.

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PostPosted: Fri Apr 11, 2025 12:53 am


Skip Navigation
BREAKING
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause

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Tax season has opened: Here are key things to know before you file your taxes
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Personal Finance
Tax season has opened: Here are key things to know before you file your taxes
Published Tue, Jan 28 20258:59 AM ESTUpdated Tue, Jan 28 20251:52 PM EST
thumbnail
Kate Dore, CFP®, EA
@in/katedore/
Share
Share Article via Facebook
Share Article via Twitter
Share Article via LinkedIn
Share Article via Email
Key Points
The 2025 tax season opened for individual filers on Jan. 27.
This season, many qualify for free filing options, such as Direct File, IRS Free File or Volunteer Tax Assistance.
Those affected by natural disasters, such as California wildfire victims, may have extensions to file and pay.
Woman planning home budget and using calculator
Rockaa | E+ | Getty Images
As tax season opened on Jan. 27, the IRS received millions of returns, with many filers eager for a refund.

Nearly 40% of taxpayers will rely on refunds this year to make ends meet, according to a Credit Karma survey that polled 1,000 adults in late December and early January.

Meanwhile, the IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 federal deadline.

There are, however, some key things to know before filing your taxes this season.

More from Personal Finance:
Here’s how to get the ‘fastest refund possible’ as tax season opens, experts say
This free tax filing option is ‘fast and simple,’ IRS says. Here’s who can use it
30 million people could qualify to use IRS free Direct File program

Many taxpayers qualify for free filing options
If you’re eager to file your taxes for free, there are several options for your 2024 filing, according to financial experts.

This season, more than 30 million taxpayers may be eligible for Direct File, the IRS’ free tax filing program, according to the U.S. Department of the Treasury.

Direct File has expanded to 25 states and “will cover more tax situations than last year,” former IRS Commissioner Danny Werfel told reporters during a press call in early January.

Sign Up for Our Newsletter
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SIGN UP NOW
Get this delivered to your inbox, and more info about about our products and services.
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Another option, IRS Free File, offers free guided tax prep software if your adjusted gross income, or AGI, was $84,000 or less in 2024.

An estimated 70% of taxpayers qualify for IRS Free File, but only a fraction of eligible filers use it, according to Tim Hugo, executive director of the Free File Alliance.

Many filers also qualify for more guidance via Volunteer Income Tax Assistance, or VITA, a free IRS-run program. You’re generally eligible with an AGI of $67,000 or less.

Tax relief for natural disaster victims
While the federal tax deadline is April 15 for most filers, some tax filers, including California wildfire victims, have extensions to file returns and pay taxes owed. The IRS provides a detailed breakdown of IRS tax relief by date.

Congress in December also extended tax relief for certain victims affected by federally declared natural disasters from 2020 to early 2025. As a result, some filers could qualify for a bigger tax break for losses.

Tax Tip: Free filingwatch now
VIDEO00:26
Tax Tip: Free filing
Missing forms could delay your return
While it may be tempting to file your return quickly, it is important to gather the necessary tax forms first, according to certified public accountant Brian Long, senior tax advisor at Wealth Enhancement in Minneapolis. Otherwise, the IRS systems could flag your return for missing or inaccurate information, which could delay processing.

However, you can use your “prior-year tax return as a checklist” for accuracy, Long added.

While many tax forms arrive in January, others may come between mid-February and March or later, experts say.

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The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California.
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California.
Here’s how China could crush the U.S. housing market
U.S. President Donald Trump speaks, ahead of signing executive orders, in the Oval Office at the White House in Washington, D.C., U.S., April 9, 2025.
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Traders work on the floor at the New York Stock Exchange on April 9, 2025.
Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal
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PostPosted: Fri Apr 11, 2025 12:54 am


Skip Navigation
BREAKING
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause

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Tax season has opened: Here are key things to know before you file your taxes
Livestream
CREATE FREE ACCOUNT

Personal Finance
Tax season has opened: Here are key things to know before you file your taxes
Published Tue, Jan 28 20258:59 AM ESTUpdated Tue, Jan 28 20251:52 PM EST
thumbnail
Kate Dore, CFP®, EA
@in/katedore/
Share
Share Article via Facebook
Share Article via Twitter
Share Article via LinkedIn
Share Article via Email
Key Points
The 2025 tax season opened for individual filers on Jan. 27.
This season, many qualify for free filing options, such as Direct File, IRS Free File or Volunteer Tax Assistance.
Those affected by natural disasters, such as California wildfire victims, may have extensions to file and pay.
Woman planning home budget and using calculator
Rockaa | E+ | Getty Images
As tax season opened on Jan. 27, the IRS received millions of returns, with many filers eager for a refund.

Nearly 40% of taxpayers will rely on refunds this year to make ends meet, according to a Credit Karma survey that polled 1,000 adults in late December and early January.

Meanwhile, the IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 federal deadline.

There are, however, some key things to know before filing your taxes this season.

More from Personal Finance:
Here’s how to get the ‘fastest refund possible’ as tax season opens, experts say
This free tax filing option is ‘fast and simple,’ IRS says. Here’s who can use it
30 million people could qualify to use IRS free Direct File program

Many taxpayers qualify for free filing options
If you’re eager to file your taxes for free, there are several options for your 2024 filing, according to financial experts.

This season, more than 30 million taxpayers may be eligible for Direct File, the IRS’ free tax filing program, according to the U.S. Department of the Treasury.

Direct File has expanded to 25 states and “will cover more tax situations than last year,” former IRS Commissioner Danny Werfel told reporters during a press call in early January.

Sign Up for Our Newsletter
Your Wealth
Weekly advice on managing your money
SIGN UP NOW
Get this delivered to your inbox, and more info about about our products and services.
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Another option, IRS Free File, offers free guided tax prep software if your adjusted gross income, or AGI, was $84,000 or less in 2024.

An estimated 70% of taxpayers qualify for IRS Free File, but only a fraction of eligible filers use it, according to Tim Hugo, executive director of the Free File Alliance.

Many filers also qualify for more guidance via Volunteer Income Tax Assistance, or VITA, a free IRS-run program. You’re generally eligible with an AGI of $67,000 or less.

Tax relief for natural disaster victims
While the federal tax deadline is April 15 for most filers, some tax filers, including California wildfire victims, have extensions to file returns and pay taxes owed. The IRS provides a detailed breakdown of IRS tax relief by date.

Congress in December also extended tax relief for certain victims affected by federally declared natural disasters from 2020 to early 2025. As a result, some filers could qualify for a bigger tax break for losses.

Tax Tip: Free filingwatch now
VIDEO00:26
Tax Tip: Free filing
Missing forms could delay your return
While it may be tempting to file your return quickly, it is important to gather the necessary tax forms first, according to certified public accountant Brian Long, senior tax advisor at Wealth Enhancement in Minneapolis. Otherwise, the IRS systems could flag your return for missing or inaccurate information, which could delay processing.

However, you can use your “prior-year tax return as a checklist” for accuracy, Long added.

While many tax forms arrive in January, others may come between mid-February and March or later, experts say.

Trending Now
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
S&P 500 futures fall after historic rally on Trump’s tariff walkback
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California.
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California.
Here’s how China could crush the U.S. housing market
U.S. President Donald Trump speaks, ahead of signing executive orders, in the Oval Office at the White House in Washington, D.C., U.S., April 9, 2025.
Trump tariffs: World reacts as White House issues temporary tariff reprieve; China’s duties kick in
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal
CNBC logo
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Subscribe to Investing Club
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© 2025 CNBC LLC. All Rights Reserved.
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Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers
Data also provided by
Reuters logo
PostPosted: Fri Apr 11, 2025 12:56 am


Skip Navigation
BREAKING
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause

logo

logo
Tax season has opened: Here are key things to know before you file your taxes
Livestream
CREATE FREE ACCOUNT

Personal Finance
Tax season has opened: Here are key things to know before you file your taxes
Published Tue, Jan 28 20258:59 AM ESTUpdated Tue, Jan 28 20251:52 PM EST
thumbnail
Kate Dore, CFP®, EA
@in/katedore/
Share
Share Article via Facebook
Share Article via Twitter
Share Article via LinkedIn
Share Article via Email
Key Points
The 2025 tax season opened for individual filers on Jan. 27.
This season, many qualify for free filing options, such as Direct File, IRS Free File or Volunteer Tax Assistance.
Those affected by natural disasters, such as California wildfire victims, may have extensions to file and pay.
Woman planning home budget and using calculator
Rockaa | E+ | Getty Images
As tax season opened on Jan. 27, the IRS received millions of returns, with many filers eager for a refund.

Nearly 40% of taxpayers will rely on refunds this year to make ends meet, according to a Credit Karma survey that polled 1,000 adults in late December and early January.

Meanwhile, the IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 federal deadline.

There are, however, some key things to know before filing your taxes this season.

More from Personal Finance:
Here’s how to get the ‘fastest refund possible’ as tax season opens, experts say
This free tax filing option is ‘fast and simple,’ IRS says. Here’s who can use it
30 million people could qualify to use IRS free Direct File program

Many taxpayers qualify for free filing options
If you’re eager to file your taxes for free, there are several options for your 2024 filing, according to financial experts.

This season, more than 30 million taxpayers may be eligible for Direct File, the IRS’ free tax filing program, according to the U.S. Department of the Treasury.

Direct File has expanded to 25 states and “will cover more tax situations than last year,” former IRS Commissioner Danny Werfel told reporters during a press call in early January.

Sign Up for Our Newsletter
Your Wealth
Weekly advice on managing your money
SIGN UP NOW
Get this delivered to your inbox, and more info about about our products and services.
By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
Another option, IRS Free File, offers free guided tax prep software if your adjusted gross income, or AGI, was $84,000 or less in 2024.

An estimated 70% of taxpayers qualify for IRS Free File, but only a fraction of eligible filers use it, according to Tim Hugo, executive director of the Free File Alliance.

Many filers also qualify for more guidance via Volunteer Income Tax Assistance, or VITA, a free IRS-run program. You’re generally eligible with an AGI of $67,000 or less.

Tax relief for natural disaster victims
While the federal tax deadline is April 15 for most filers, some tax filers, including California wildfire victims, have extensions to file returns and pay taxes owed. The IRS provides a detailed breakdown of IRS tax relief by date.

Congress in December also extended tax relief for certain victims affected by federally declared natural disasters from 2020 to early 2025. As a result, some filers could qualify for a bigger tax break for losses.

Tax Tip: Free filingwatch now
VIDEO00:26
Tax Tip: Free filing
Missing forms could delay your return
While it may be tempting to file your return quickly, it is important to gather the necessary tax forms first, according to certified public accountant Brian Long, senior tax advisor at Wealth Enhancement in Minneapolis. Otherwise, the IRS systems could flag your return for missing or inaccurate information, which could delay processing.

However, you can use your “prior-year tax return as a checklist” for accuracy, Long added.

While many tax forms arrive in January, others may come between mid-February and March or later, experts say.

Trending Now
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
S&P 500 futures fall after historic rally on Trump’s tariff walkback
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California.
Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California.
Here’s how China could crush the U.S. housing market
U.S. President Donald Trump speaks, ahead of signing executive orders, in the Oval Office at the White House in Washington, D.C., U.S., April 9, 2025.
Trump tariffs: World reacts as White House issues temporary tariff reprieve; China’s duties kick in
Traders work on the floor at the New York Stock Exchange on April 9, 2025.
Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal
CNBC logo
Subscribe to CNBC PRO
Subscribe to Investing Club
Licensing & Reprints
CNBC Councils
Select Personal Finance
CNBC on Peacock
Join the CNBC Panel
Supply Chain Values
Select Shopping
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Corrections
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News Tips
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© 2025 CNBC LLC. All Rights Reserved.
A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers
Data also provided by
Reuters logo

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PostPosted: Fri Apr 11, 2025 4:51 pm


European Commission President Ursula von der Leyen welcomed President Donald Trump's temporary halt on reciprocal tariffs, describing it as a chance to pursue a "frictionless" trading relationship.

She later confirmed that the EU would also pause for 90 days its planned countermeasures against Trump's tariffs to "give negotiations a chance."

However, her broader message signaled that the EU's strategic pivot away from U.S.-centric trade would continue.

Why it Matters
Trump's decision to pause tariffs comes amid growing tensions with trading partners over what the White House describes as unfair trade practices. The move is aimed at calming volatile markets and initiating renegotiations with key economic allies.

The EU, meanwhile, is signaling its intention to hedge against reliance on U.S. trade amid the unpredictability of American policy, part of a broader reshaping of the trans-Atlantic alliance as the U.S. shifts focus to China.
PostPosted: Fri Apr 11, 2025 4:52 pm


idea idea idea


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PostPosted: Fri Apr 11, 2025 4:54 pm


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