COUNTDOWN TO TAX DAY.

This article provides a comprehensive overview of tax preparation and planning for the year 2023. It emphasizes the advantages of filing taxes early, including faster tax refunds and reduced risk of identity theft. The article also highlights potential tax changes in the future, particularly the expiration of the 2017 Tax Cuts and Jobs Act in 2025, which may lead to higher taxes for many taxpayers. Additionally, it discusses new tax credits for electric vehicles and home energy-efficiency improvements, as well as changes to tax brackets and deductions for 2023. The article addresses the implications for self-employed individuals and offers tips for preventing refund fraud. It also covers the use of an IP PIN (Identity Protection Personal Identification Number) for tax returns and last-minute tax-saving strategies. The article concludes with advice on selecting a qualified tax professional. [Extracted from the article]

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