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Got a Tax Extension? Here's Why You Might Still Want to File Your Return in May

The Motley Fool

Image source: The Motley Fool/Upsplash Tax returns were due this year on April 15. But if you weren't ready with your 2023 return at that time, you hopefully requested an extension. Let's say you overpaid your taxes by $3,000 and file your taxes two months late. It amounts to 0.5%

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Filing Your First Small Business Tax Return This Year? 3 Moves to Make Now

The Motley Fool

Image source: Getty Images The 2024 tax season officially kicked off in late January. And 2023 returns are due on April 15 this year, which is the standard tax-filing deadline. Filing taxes can be complicated even when you're a regular old salaried employee. So do yourself a favor and get organized now.

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The 4 Biggest Mistakes People Make With Their Tax Refunds

The Motley Fool

Image source: The Motley Fool/Unsplash Ah, tax time -- it's such fun to sit down with an accountant or tax-filing software and see if you underpaid or overpaid the government (which already knows your tax liability). Now it's being returned to you, without interest. Now it's being returned to you, without interest.

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5 Valuable Tax Deductions You Should Know About in 2024

The Motley Fool

Image source: Getty Images At this point, a lot of people are starting to get serious about filing their 2023 taxes. And when doing yours, you may be eager to claim all of the tax deductions you're entitled to. But first, let's do a quick refresher on tax deductions, since they're often confused with tax credits.

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Survey Shows: Top 8 Ways That Americans Want to Use Tax Refunds in 2024

The Motley Fool

Image source: The Motley Fool/Upsplash Do you have big dreams for your tax refund? According to IRS data, as of March 29, 2024, the average tax refund for 2024 was $3,050. There are many financial goals that you could devote that money to -- like emergency savings, paying off debt, or opening a CD. households.

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4 Ways to Lower Your California Tax Bill

The Motley Fool

Image source: Getty Images If you thought federal income taxes were complicated, wait till you see California. The Golden State is known for being a high-tax state with a progressive tax structure -- which means the more you earn, the more you pay. The top California state income tax bracket for 2023 is 12.3%.

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3 Top Buffett Stocks to Buy and Hold for the Long Haul

The Motley Fool

Visa's business is resilient because it doesn't issue any cards or take on any debt. Those partners handle all the accounts and customer debt, while Visa only charges "swipe fees" of 1.5%-3.5% Chubb's core operating income per share (excluding any tax benefits) grew 30% in 2023 and 13% in 2024. of its portfolio.