Navigating Tax Changes for 2023 Return | East Coast Braces for More Snow?

Author

Jamie Buck
February 04, 2024

In Today’s Huntingdon Valley Insider:

📅 Sunday, February 4, 2024 ☀️
💵 Navigating Tax Changes for 2023 Return
❄️ East Coast Braces for More Snow?
🏈 Top Sports Bars in Abington Township
🤔 Town Trivia: How well do you know H.V.?
⛅️ Weather + 🎭 Events + 🏈 Sports
🎖️ Local Business Directory
💁‍♂️ Feature your Business

👀 for best viewing, Read Online

Navigating Tax Changes: A Guide for Pennsylvania Taxpayers

Pennsylvania residents are now able to file their state and federal income tax returns, with several important changes and considerations for the 2023 tax year that could potentially lower their tax liabilities. The IRS will start accepting returns on January 29, with the deadline for submission set for April 15.

Key Points for PA Taxpayers:

The Child Tax Credit: This credit provides eligible parents and caregivers the opportunity to decrease their tax bill, with the possibility of a refund or an increased refund based on various factors like income, filing status, and the number of qualifying children. There's potential for this credit to rise from $2,000 to $2,100 due to a bipartisan tax deal, pending legislative approval. Refunds, especially for those claiming this or the earned income tax credit, are expected to be delayed until mid-February.

The Standard Deduction: Taxpayers need to decide between itemizing deductions or opting for the standard deduction, which has been adjusted for inflation to $13,850 for singles and married filing separately, $27,700 for married filing jointly, and $20,800 for head of household filers. Additional deductions are available for individuals over 65 or those who are blind, enhancing the reduction in taxable income.

Tax Brackets: The tax brackets for 2023 have been updated, affecting different income levels for single filers, married couples (both jointly and separately), and heads of households. These brackets range from 10% to 37%, with varying taxable income thresholds.

Free Filing Options: Individuals with an adjusted gross income of $79,000 or less can utilize the IRS Free File program, which offers free tax preparation services. Additionally, a pilot Direct File system is available for taxpayers in specific states with simple tax situations.

Extensions: Taxpayers requiring more time to file can request a six-month extension using Form 4868 via IRS Free File or by mailing a paper form. It's important to note that this extension applies to filing and not to any tax payments due, which are still expected by the April 15 deadline.

These updates and resources are crucial for Pennsylvania taxpayers to understand and leverage as they prepare their 2023 tax returns, ensuring compliance and maximizing potential benefits.

East Coast Braces for More Snow as AccuWeather Challenges Early Spring Prediction

Snow Chance Lingers Into March Before May Tornado Risk, AccuWeather Spring Forecast Says. Punxsutawney Phil predicted an early spring this year, but some meteorologists are saying otherwise.

The Spring 2024 weather outlook calls for a "window of opportunity for snowstorms" along the East Coast through the first half of March. That includes plowable snow, so if you didn't get your fill this winter, there's still time.

The chances of snow accumulation in major cities after mid-March, however, are slim. April showers mean increased potential for flooding across the mid-Atlantic, the weather outlet added. The Northeast also faces a tornado risk in months March through May. Today will be sunny with temps in the mid-40s.

Top Sports Bars in Abington Township for the Ultimate Game Day Experience

As the big game day approaches, a week from today fans in the Abington Township area are beginning to plan where they'll watch it. For those preferring to leave the cooking to someone else and enjoy a lively atmosphere, there's no shortage of sports bars ready to welcome patrons.

Consider these local favorites for an unforgettable game day experience:

  • Vintage Bar and Grill: Located at 1116 Old York Road, Abington, this spot is known for its cozy ambiance and great selection of drinks.

  • McKinley Tavern: Situated at 881 Township Line Road in Elkins Park, McKinley Tavern offers a friendly vibe and screens aplenty for game viewing.

  • Union Jack's Pub: At 2750 Limekiln Pike, Glenside, Union Jack's is the go-to for British pub fare and sports entertainment.

  • Tin Pan Alley Tavern: Found at 2231 Huntingdon Pike, Huntingdon Valley, this tavern provides a unique setting for sports enthusiasts.

  • The Drake Tavern: With its location at 304 York Road, Jenkintown, The Drake Tavern is perfect for those seeking a mix of history with their sports viewing.

  • King's Corner: Located at 603 Summit Ave., Jenkintown, King's Corner offers a quaint, welcoming atmosphere for watching the game.

  • Glenside Pub: At 122 S Easton Road, Glenside, this pub is a staple for locals looking to catch the game in a classic setting.

  • Keswick Tavern: Situated at 294 N. Keswick Ave., Glenside, Keswick Tavern is renowned for its lively game day atmosphere.

  • Iron Hill Brewery & Restaurant: Nestled in the Huntingdon Valley Shopping Center at 785 Huntingdon Pike, Abington Township, Iron Hill combines craft brews with the excitement of the game.

  • Yard House: For those near 2500 W. Moreland Road, Willow Grove, Yard House offers an extensive selection of beers and a vibrant spot to watch the match.

Arriving early to secure a spot is advisable, as these locations are popular destinations for fans eager to soak in the game day excitement.

Answer to yesterdays’s question

What notable cemetery in Huntingdon Valley is the final resting place of a World War II figure who was loosely the inspiration for a novel and film known for assembling a group of misfits for a daring military mission?

Correct Answer: B) Forest Hills Cemetery

Forest Hills Cemetery in Huntingdon Valley is notable for being the resting place of Jack Agnew, who was loosely the inspiration behind the novel and film "The Dirty Dozen." This connection adds a unique historical dimension to Huntingdon Valley, linking it to broader narratives of American history and culture​​.

⚾️ Phil Maton, a bullpen target for the Philadelphia Phillies, has signed with the Tampa Bay Rays, according to a report by MLB.com. The Phillies were among several teams interested in Maton, who was entering free agency for the first time at age 31 after spending nearly three seasons with the Houston Astros. Details of Maton's contract with the Rays have not been disclosed, following his $2.5 million deal with Houston in 2023, his last arbitration-eligible season. 

🦅 The Philadelphia Eagles are set to appoint Doug Nussmeier as their new quarterbacks coach, as reported by NFL insider Jeremy Fowler. This decision follows the anticipated hiring of Kellen Moore as the offensive coordinator, given Moore and Nussmeier's previous collaboration on the Dallas Cowboys' coaching staff from 2018-2022, and their subsequent tenure with the Los Angeles Chargers in 2023.

National Homemade Soup Day, honors the timeless comfort of soup, a staple since 20,000 B.C. Perfect for winter, soup's simplicity and delightful flavors vary globally, reflecting regional culinary traditions. For instance, soups in India and China tend to be spicier compared to those in New Zealand and Canada. Often enriched with meats or vegetables, soup primarily remains a warm, liquid dish savored worldwide.

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