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Tax and financial planning news from around the web: April 8 – 12, 2024

Written on Apr 12, 2024

The IRS has released an “important update” for Direct File, the agency’s free tax filing program. Direct File users can now automatically import key return verification details from the IRS, which has been the top mistake before filing, a Treasury official said. 

Navigating the landscape of eligibility criteria for the self-employed health insurance deduction requires careful consideration of various factors, including the nature of the entity and how the insurance policy was procured. These elements shape the determination of a taxpayer’s eligibility and the methodology employed for computing the deduction. 

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