IRS announces Jan. 27 as start of season
The IRS on Friday announced Jan. 27 as the official start date of the 2025 tax season, and expects more than 140 million tax returns to be filed by the April 15 tax deadline. The tax collection said it is expanding a program that allows people to file their taxes directly with the agency for free. The Direct File program, which allows taxpayers to calculate and submit their returns to the government directly without using commercial tax preparation software, will be available to taxpayers in 25 states starting Jan. 27.
Biden levies new sanctions against energy sector
WASHINGTON — President Joe Biden’s administration says it’s expanding sanctions against Russia’s critically important energy sector over its war in Ukraine. The Biden administration bills the sanctions announced Friday as the most significant to date against Moscow’s oil and liquefied natural gas sectors, the driver of Russia’s economy. British officials are announcing complementary sanctions against Russia’s energy sector. Administration officials say it’s up to the incoming administration what to do next. The sanctions punish entities that do business with the Russians and target 183 oil-carrying vessels suspected to be part of a shadow fleet utilized by the Kremlin to evade oil sanctions.
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