The IRS says that more than 161 million individual tax returns were filed for the 2024 tax year. That’s significantly more than the 357,598 tax returns filed in 1913, the first filing year under our modern income tax system.
The tax code has only become more complex since that first filing season. That complexity creates real costs—and headaches—for taxpayers.
That’s where we come in. You can stay up to date with the latest tax news and information—including changes from the second Trump Administration—by signing up for our free weekly newsletter, Tax Breaks.
Each week, we’ll share insights from the Forbes tax team on a wide range of issues, including IRS rulings, changes coming in 2025 as Taxpayer Cuts and Jobs Act provisions expire, and other important industry news. We’ll drill down on digital assets, keep you apprised of notable tax dates, and alert you to tax developments that might impact your home or business. We’ll answer your tax questions, offer suggestions to maximize tax breaks and savings, keep you updated on tax laws and news, and hopefully, point you in the right direction to a successful tax year.
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