Get to Know TaxRus: Your Trusted Tax Partner

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The standard deduction will increase by $750 for married individuals and single taxpayers filing separately, to $14,600 for 2024; for heads of households, it will increase by $1,100 from 2023 to $21,900 for 2024. Your tax refund may be bigger this year due to inflation-related changes to the standard deductions and tax brackets for 2024.

For 2024, the Child Tax Credit is worth up to $2,000 for each qualifying dependent child. The refundable portion, known as the Additional Child Tax Credit, is worth up to $1,700. 

The IRS updates refund statuses weekly on Wednesdays. If you filed electronically (e-file), wait at least 72 hours before checking your refund status. If you filed a paper return, wait at least four weeks before checking.

Wondering about your tax refund? The IRS updates refund statuses weekly, typically on Wednesdays. If you filed electronically, wait at least 72 hours before checking your status. For paper returns, allow at least four weeks. Use the IRS "Where’s My Refund?" tool to track your refund easily.
Check your refund status here: IRS Refund Tracker 

Small businesses and nonprofits still recovering from the financial effects of COVID-19 can now apply for Economic Opportunity Holiday Grants. These grants offer $3,000 or $5,000 to support eligible businesses, microentrepreneurs, food industry businesses, and nonprofits in Los Angeles County.
Deadline: December 31, 2024
Don’t miss this opportunity to secure funding for your organization.

If Social Security income is your only source of income, you’re generally not required to file a tax return. However, filing a return could still be beneficial—you might qualify for a tax refund if taxes were withheld from your paycheck. The filing also ensures you're current with any credits or benefits you may be entitled to.