Tax season is set to officially begin next week on January 27, when the Internal Revenue Service (IRS) expects more than 140 million taxpayers to begin filing their returns. IRS is ...
Individual taxpayers must pay an additional 4% (4% surtax) on taxable income over $1,000,000, increased annually for inflation. For the 2024 tax year, the threshold is $1,053,750. See Technical ...