IRS

The IRS will soon announce how it intends to spend the substantial sums provided to the agency in the Inflation Reduction Act, which includes an additional $80 billion for tax collectors. Treasury Secretary Janet Yellen announced the…

The tax agency's reporting season ended March 24, 2023, with the average reimbursement amount significantly lower than last year.  The IRS had issued a warning that this would likely be the case this year, primarily due to the fact that…

A federal appeals court decision issued last week brought federal student loan debtors wanting to have their debt forgiven as a result of academic dishonesty one step closer to finding relief. Although it is unrelated to the federal…

The tax season's numerous forms and applications can be difficult to comprehend. a list of suggestions that will facilitate the filing of documents. Depending on your income as a parent or guardian, you may be eligible for a variety of…

Less than half of the Americans who the IRS expects to file individual returns did so for the week ending March 24. Only about 80,7 million returns had been received, down 0.8% from the same time last year and well below the IRS's…

Treasury Secretary Janet Yellen announced this week that the IRS will release its long-awaited spending plan for $80 billion in new funding. Yellen stated on Tuesday that the tax-collecting agency's spending initiatives will be outlined…

The IRS has refunded approximately $172 billion to taxpayers this year, $16.4 billion less than in 2022, latest agency data. The data indicates that this amounts to an average refund of $2,903, $360 less per person than in 2022. IRS…

Filing taxes isn't a pleasurable task, so many Americans procrastinate and wind up needing to submit an extension in order to avoid penalties for late filing, and depending on where they live, they may also need to file for an extension on…