Global Daily Tax News, US IRS Urges Taxpayers To Prepare For New Tax Season, (Nov 14, 2023)
The US Internal Revenue Service has issued a statement urging taxpayers to prepare to file their 2023 federal tax return.
The IRS has launched a new webpage to help taxpayers with preparations for filing for the new tax season.
The agency has urged taxpayers to organize their tax records. It highlighted that most income is taxable, including unemployment compensation, refund interest, and income from the gig economy and digital assets.
Finally, the agency urged taxpayers to ensure they have the correct amount of tax withheld from their pay checks, including by using the Tax Withholding Estimator.