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Posted: Thu Apr 10, 2025 1:14 am
Skip Navigation BREAKING Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause
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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
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Posted: Thu Apr 10, 2025 1:16 am
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Posted: Thu Apr 10, 2025 1:18 am
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Posted: 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 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
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Posted: 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 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
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Posted: Fri Apr 11, 2025 12:48 am
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Posted: 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
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Posted: 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
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Posted: 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 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
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Posted: 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
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
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Posted: 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
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
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Posted: 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 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
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Posted: 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.
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Posted: Fri Apr 11, 2025 4:52 pm
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Posted: Fri Apr 11, 2025 4:54 pm
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