IRS outlines what you need to know to prepare for tax filing in 2023

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IRS outlines what you need to know to prepare for tax filing in 2023
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The deadline to file your taxes is April 18, 2023, and the IRS is sharing updated information to help get you ready. FOX13

helps low- to moderate-income workers and families get a tax break. According to the IRS, if a person qualifies, they can use the credit to reduce the taxes they owe while possibly increasing the amount of the refund. helps families with qualifying children get a tax break. According to the IRS, an individual may be able to claim the credit even if they don't normally file a tax return.

According to the IRS, prepaid debit cards or mobile apps may allow a direct deposit of tax refunds but a routing and accounting number must be associated with it. The IRS notes that tax filers can contact the mobile app provider or financial institution to confirm which numbers to use.Form 1099-K, Payment Card and Third Party Network Transactions

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