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If you’re eligible and didn’t receive the first two Economic Impact Payments, or you didn’t get the full amount you’re eligible for, you may be able to claim the recovery rebate credit. For more info, watch this IRS video: https://youtu.be/p8D6VYhvTWc #COVIDreliefIRS | IRS
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🚨STOP THE PRESSES 🚨 If you haven’t heard, the IRS has released inflation-adjusted amounts for 2024. This means everything from standard deductions to 401k contribution limits and more have been increased. If you haven’t been paying attention… now is a great time to dig in and make sure you’re taking full advantage of these increases as we go into the new year. A few notable increases: 💰 The standard deduction for married couples filing together is now $29,200 and $14,600 for single filers. 💰
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