Tax Changes You NEED to Know Before Filing! 📄

Описание: 2024 Tax Changes You Need to Know! In this comprehensive guide, we break down all the important updates to your 2024 tax return. From increased child tax credits to new Venmo reporting thresholds, we cover everything you need to know to file confidently this year.
Learn about:

Updated child tax credit with $1,700 refundable portion
New $5,000 threshold for 1099-K reporting through Venmo, PayPal, and Cash App
Free tax filing options for those making under $84,000
Increased standard deductions for all filing statuses
Special deductions for those 65 and older
IRS Direct File program expansion to 26 states
Extended deadlines for natural disaster victims
Updated tax brackets adjusted for inflation

💰 Don't overpay on your taxes! Whether you're a single filer, head of household, or married filing jointly, these changes will impact your 2024 tax return. Stay informed and make sure you're taking advantage of every deduction and credit available to you.
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