Filing your tax return serves as an annual reminder of just how tediously complex the American tax code is — and this year is no exception.
It’s not as messy as the pandemic years, but there are plenty of new provisions taking effect, and some changes could potentially land midseason.
Procrastination may cost you: Interest on unpaid taxes and late penalties (yes, even penalties accrue interest) have more than doubled to 8 percent from just a couple years ago.
Here are some of the latest changes to keep in mind as the filing deadline — April 15, or April 17 for Maine and Massachusetts residents — approaches.
Persons:
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Locations:
Maine, Massachusetts