💼Start gathering tax documents now even if you're not ready to file yet.
💸There are no major changes this tax season, but there are adjustments to tax code provisions.
📃Some taxpayers may find themselves in a lower tax bracket.
🚗There is a tax credit of up to $7,500 for qualified plug-in electric vehicles.
⏳File your taxes early to get your refund faster.
Should I start gathering tax documents even if I'm not ready to file yet?
—Yes, it's recommended to start gathering your tax documents even if you're not ready to file yet. This will help you be prepared when you're ready to file.
Are there any major changes this tax season?
—No, there are no major changes this tax season. However, there are adjustments to tax code provisions.
Will I find myself in a lower tax bracket?
—Some taxpayers may find themselves in a lower tax bracket. The IRS adjusted the income levels to the various brackets to prevent bracket creep.
Is there a tax credit for electric vehicles?
—Yes, there is a tax credit of up to $7,500 for qualified plug-in electric vehicles.
Why should I file my taxes early?
—Filing your taxes early can help you get your refund faster. If you file electronically and use direct deposit, you can receive your refund within 21 calendar days or less.
00:02Enrollment is up until Wednesday.
00:10The official start of tax season is today.
00:16The IRS is accepting 2023 tax returns.
00:35Start gathering all your tax documents now.
01:11The IRS adjusted income levels to prevent bracket creep.
01:18Some taxpayers may find themselves in a lower tax bracket.
01:43There is a tax credit for qualified plug-in electric vehicles.
01:46File your taxes early to get your refund faster.
