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The IRS has announced that they will open for the 2025 tax season on Monday, January 27, 2025. This is the first day you'll be able to e-file your individual.

4, Social security tax withheld: The amount of social security tax withheld from all OASDI taxable wages. This amount should be equal to 6.2% of the wages.

In most cases, you should plan on keeping tax returns along with any supporting documents for a period of at least three years following the date you filed.

After filing your tax return, organize and keep records for 3, 6, 7 or more years depending on statutes of limitations when the IRS may ask.

Reasons to file separately can also include separation and pending divorce, and to shield one spouse from tax liability issues for questionable transactions.

Multiply your annual income by 12%, and subtract what you already withheld.

The length of time you should keep a document depends on the action, expense, or event the document records. You must keep your records as long as needed to.

The tax is equivalent to a uniform rate of 12%, based on the gross selling price of goods or properties sold, or gross receipts from the sale of services.

Overall, refunds resulting from electronically filed returns can be expected around 4 weeks after filing. Refunds resulting from returns filed on paper can be.

Canada's double tax treaties generally reduce withholding taxes to 15% or less on most types of passive income paid to non-residents.