ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money, Sunday tax edition. Between now and April 15, we'll be briefing some of our most popular stories about Tax Season 2025. |
Today, we'll start with a story that is the most popular tax-season topic of the year, by a wide margin. We're talking millions of readers. |
About those $1,400 IRS stimulus checks. . . |
The Internal Revenue Service announced in December it would be distributing about $2.4 billion, up to $1,400 per individual, in stimulus checks to U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. |
This round of stimulus checks was set up after the agency reviewed internal data showing that many eligible taxpayers who filed a 2021 tax return did not claim the Recovery Rebate Credit, a refundable credit for individuals who didn't receive one or more Economic Impact Payments, more commonly known as stimulus payments. Taxpayers who didn't file 2021 tax returns could be eligible as well. |
What are the new tax brackets? |
Here's another topic that resonated with readers: The 2024 tax brackets. |
Tax brackets are the tax rates that apply to different tiers of income, adjusted each year for inflation. For 2024, the taxes you pay in 2025, the lowest tax rate is 10%. It applies to a single filer's income up to $11,600. |
📰 More stories you shouldn't miss 📰 |
Between now and April 15, The Daily Money will deliver weekly summaries of news, trends and all you need to know about Tax Season 2025. |
Daniel de Visé covers personal finance for USA Today. | | | | The IRS is distributing $2.4 billion worth of stimulus checks to taxpayers who didn't claim the Recovery Rebate Credit on their 2021 tax returns. | | | | The Internal Revenue Service announces inflation adjustments that impact tax brackets. Here's what you need to know. | | | | Tax returns are deeply personal. Many factors and life changes can affect yours. Why your refund may be different from the average. | | | | Think fewer IRS agents means you won't get audited? Experts say think again. | | | | Flexible spending accounts for healthcare may have a deadline for claims approaching. See when you need to file. | | | | The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax headaches are hitting now. | | | | Adult children who care for their parents can claim their parents as dependents on their taxes if they meet certain qualifications. | | | | If newly retired American's aren't careful, tax time could be a nightmare that ends in a big tax bill. What to know to avoid that situation. | | | | There are some tax advantages that come with homeownership. Here's what to know and when you might want to consult a pro. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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