Tax Center
Track Your Refund
When will you receive your refund? The answer depends on how you filed your return. The IRS should issue your refund check within six to eight weeks of filing a paper return. If you chose to receive your refund through direct deposit, you should receive it within a week. If you use e-file, your refund should be issued between two and three weeks.
You can check on the status of your refund by clicking on the links below.
Check your Federal Refund... Click Here
Check your State Refund...
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Oregon | Pennsylvania | Rhode Island | South Carolina | Utah | Vermont
Virginia | West Virginia | Wisconsin | Washington DC
Record Retention Guide
Storing tax records: How long is long enough?
Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time.
However, if the IRS believes you have significantly underreported your income (by 25 percent or more), or believes there may be indication of fraud, it may go back six years in an audit. To be safe, use the following guidelines.
Create a Backup Set of Records and Store Them Electronically. Keeping a backup set of records -- including, for example, bank statements, tax returns, insurance policies, etc. -- is easier than ever now that many financial institutions provide statements and documents electronically, and much financial information is available on the Internet.
Even if the original records are provided only on paper, they can be scanned and converted to a digital format. Once the documents are in electronic form, taxpayers can download them to a backup storage device, such as an external hard drive, or burn them onto a CD or DVD (don't forget to label it).
You might also consider online backup, which is the only way to ensure that data is fully protected. With online backup, files are stored in another region of the country, so that if a hurricane or other natural disaster occurs, documents remain safe.
Caution: Identity theft is a serious threat in today's world, and it is important to take every precaution to avoid it. After it is no longer necessary to retain your tax records, financial statements, or any other documents with your personal information, you should dispose of these records by shredding them and not disposing of them by merely throwing them away in the trash.
- Correspondence with Customers and Vendors
- Duplicate Deposit Slips
- Purchase Orders (other than Purchasing Department copy)
- Receiving Sheets
- Requisitions
- Stenographer's Notebooks
- Stockroom Withdrawal Forms
- Accident Reports, Claims
- Accounts Payable Ledgers and Schedules
- Accounts Receivable Ledgers and Schedules
- Bank Statements and Reconciliations
- Cancelled Checks
- Cancelled Stock and Bond Certificates
- Employment Tax Records
- Expense Analysis and Expense Distribution Schedules
- Expired Contracts, Leases
- Expired Option Records
- Inventories of Products, Materials, Supplies
- Invoices to Customers
- Notes Receivable Ledgers, Schedules
- Payroll Records and Summaries, including payment to pensioners
- Plant Cost Ledgers
- Purchasing Department Copies of Purchase Orders
- Sales Records
- Subsidiary Ledgers
- Time Books
- Travel and Entertainment Records
- Vouchers for Payments to Vendors, Employees, etc.
- Voucher Register, Schedules
- Bank Statements
- Paycheck Stubs (reconcile with W-2)
- Canceled checks
- Monthly and quarterly mutual fund and retirement contribution statements (reconcile with year end statement)
- Supporting Documents For Tax Returns
- Accident Reports and Claims
- Medical Bills (if tax-related)
- Property Records / Improvement Receipts
- Sales Receipts
- Wage Garnishments
- Other Tax-Related Bills
Special Circumstances
- Car Records (keep until the car is sold)
​- Credit Card Receipts (keep with your credit card statement)
​- Insurance Policies (keep for the life of the policy)
​- Mortgages / Deeds / Leases (keep 6 years beyond the agreement)
​- Pay Stubs (keep until reconciled with your W-2)
​- Property Records / improvement receipts (keep until property sold)
​- Sales Receipts (keep for life of the warranty)
​- Stock and Bond Records (keep for 6 years beyond selling)
​- Warranties and Instructions (keep for the life of the product)
​- Other Bills (keep until payment is verified on the next bill)
​- Depreciation Schedules and Other Capital Asset Records (keep for 3 years after the tax life of the asset)
Tax Rates
2024 Tax Rates - Single Taxpayers - Standard Deduction $14,600
10% 0 to $11,600
12% $11,600 to $47,150
22% $47,150 to $100,525
24% $100,525 to $191,950
32% $191,950 to $243,725
35% $243,725 to $609,350
37% Over $609,350
2024 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $29,200
10% 0 to $23,200
12% $23,201 to $94,300
22% $94,301 to $201,050
24% $201,051 to $383,900
32% $383,901 to $487,450
35% $487,451 to $731,200
37% Over $731,200
2024 Tax Rates - Married Filing Separately - Standard Deduction $14,600
10% 0 to $11,600
12% $11,600 to $47,150
22% $47,150 to $100,525
24% $100,525 to $191,950
32% $191,950 to $243,725
35% $243,725 to $365,600
37% Over $365,600
2024 Tax Rates - Head of Household - Standard Deduction $21,900
10% 0 to $16,550
12% $16,550 to $63,100
22% $63,100 to $100,500
24% $100,500 to $191,950
32% $191,950 to $243,725
35% $243,725 to $609,350
37% Over $609,350
2024 Tax Rates - Estates & Trusts
10% 0 to $3,100
24% $3,100 to $11,150
35% $11,150 to $15,200
37% Over $15,200
Social Security 2024 Tax Rates
Social Security Tax Rate: Employers 6.2%
Social Security Tax Rate: Employees 6.2%
Social Security Tax Rate: Self-Employed 15.3%
Maximum earnings subject to Social Security tax $168,600
Maximum earnings subject to Medicare tax Unlimited
Medicare Tax Rate: Employers 1.45%
Medicare Tax Rate: Employees 1.45%
Medicare tax rate: Self-employed 2.9%
Additional Medicare tax on FICA wages and self-employment income above
$200,000 (single filers) or$250,000 (joint filers) 0.9%
Net investment income tax on taxpayers with modified adjusted
grossincome (MAGI) exceeding $200,000 (single filers) or $250,000 (jointfilers) 3.8%
Miscellaneous 2024 Tax Rates
Business Section 179 expensing limit $1,220,000
Business Section 179 phaseout threshold $3,050,000
First-year bonus depreciation rate 60%
Income threshold after which the Section 199A
(qualified business income) deduction for pass-through
entities may begin to phase out $191,950 (single and head of household); $383,900 (married filing jointly)
Qualified small-employer Health Reimbursement
Arrangement limit $6,150 (single coverage); $12,450 (family coverage)
Prior-year safe harbor for estimated taxes of
higher-income taxpayers driving 110% of 2023 tax liability
Standard mileage rate for business driving 67 cents
Standard mileage rate for medical driving 21 cents
Standard mileage rate for moving driving (only members of the
Armed Forces on active duty who move because of a permanent change of station) 21 cents
Standard mileage rate for charitable driving 14 cents
Child Tax Credit (per child under age 17 at the end of the tax year) $2,000
Unearned income maximum for children under 19 before kiddie tax applies $1,300
Maximum capital gains tax rate for taxpayers with
income up to $47,025 for single filers, $ 94,050 for married filing jointly 0%
Maximum capital gains tax rate for taxpayers with income
$47,025 to $518,900 for single filers, $94,050 to $583,750 for married filing jointly 15%
Maximum capital gains tax rate for taxpayers with income
above $518,900 for single filers, $583,750 for married filing jointly 20%
Maximum contribution for Traditional/Roth IRA $6,500 if under age 50
$7,500 if 50 or older
Capital gains tax rate for unrecaptured Sec. 1250 gains 25%
Capital gains tax rate on collectibles 28%
Maximum contribution for Traditional/Roth IRA $7,000 if under age 50/$8,000 if 50 or older
Maximum employee contribution to SIMPLE IRA $16,000 if under age 50/$19,500 if 50 or older
Maximum contribution to SEP IRA 25% of eligible compensation up to $69,000
Education
2024 Tax Rates
American Opportunity Credit
(per student) $2,500
Lifetime Learning Credit
(per return) $2,000
Student Loan Interest Deduction
per return) $2,500
Coverdell Education Savings
Account Contribution (per student) $2,000
Standard Meal Rates for Family Child Care Providers for income tax returns
Alaska
2023-24 Tax Rates (July 1, 2023-June 30, 2024)
For each breakfast
$2.63
For each lunch or supper
$5.05
For each snack (up to 3 per day for each child)
$1.50
Standard Meal Rates for Family Child Care Providers for income tax returns
Continental U.S.
2023-24 Tax Rates (July 1, 2023-June 30, 2024)
For each breakfast
$1.65
For each lunch or supper
$3.12
For each snack (up to 3 per day for each child)
$0.93
Standard Meal Rates for Family Child Care Providers for income tax returns
Hawaii
2023-24 Tax Rates (July 1, 2023-June 30, 2024)
For each breakfast
$2.12
For each lunch or supper
$4.05
For each snack (up to 3 per day for each child)
$1.20