Overview
- The April 15, 2025, tax filing deadline is days away, with an automatic extension to October 15 available for those who apply.
- Residents in disaster-affected areas, such as Los Angeles wildfire victims, are granted an extended filing deadline until October 15, 2025.
- The IRS now mandates the use of Personal Identification Numbers (PINs) for more taxpayers filing electronically to enhance security against identity theft.
- Taxpayers earning over $600 from online sales must report this income via 1099-K forms, a new requirement for 2025 filings.
- Eligibility for the $7,500 electric vehicle tax credit depends on income limits, while penalties for underpayment of taxes have been increased.