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4 days ago · Key takeaways. A mid-year tax checkup can help you avoid stress and make necessary adjustments to help you increase your refund or lower your tax bill. Reviewing your income and expenses gives you a clear picture of where you stand with taxes, so you’re prepared. Reviewing your withholding on your W-4 midyear can alert you to any necessary ...
3 days ago · The IRS interest rate on unpaid taxes and tax refunds for individuals is 8% for the first three quarters of 2024 (the rate is adjusted on a quarterly basis). The IRS generally charges interest on unpaid taxes from tax deadline until the tax is paid in full. Interest payments can only be waived or reduced under limited circumstances.
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