Category: News
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AYS Tax Prep: Empowering Communities Through Social Responsibility
In the dynamic world of finance and tax preparation, AYS Tax Prep stands out not just for its expertise in numbers but also for its unwavering commitment to making a positive impact on the broader community. Beyond the balance sheets and tax returns, AYS takes its social responsibility seriously, actively addressing challenges faced by the… Read more
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Stay informed: Changes that could affect your tax refund
Remember, knowledge is power when it comes to taxes. Staying informed about these changes ensures you’re prepared, minimizing surprises and maximizing your refund potential. Keep an eye out for more tax tips as we navigate this tax season together! Tax season is just around the corner, and you know what that means – time to… Read more
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Secure Peace of Mind by Filing Early and Taking Control of Your Financial Destiny!
Did you know? Early tax planning comes with some major perks? Planning ahead puts you in control of your financial destiny and also brings tangible benefits. When you plan early, you’re setting the stage to maximize your tax refund. By claiming all the deductions and credits you deserve, you’re ensuring more money stays in your… Read more
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Interest rates increase for the fourth quarter 2023
R-2023-154, Aug. 25, 2023 WASHINGTON — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning Oct.1, 2023. For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily. Here is a complete list of the new rates: Under the Internal Revenue Code, the rate… Read more
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Sept. 15 third quarter estimated tax payment deadline
WASHINGTON — The Internal Revenue Service is reminding taxpayers who pay estimated taxes that the deadline to submit their third quarter payment is Sept. 15, 2023. Taxpayers not subject to withholding may need to make quarterly estimated tax payments. Taxpayers such as gig workers, sole proprietors, retirees, partners and S corporation shareholders generally must make… Read more
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New school year reminder to educators
WASHINGTON – As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they’ll be able to deduct up to $300 of out-of-pocket classroom expenses for 2023 when they file their federal income tax return next year. This is the same limit that applied in 2022, the first year this… Read more