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IRS
IRS sends good news to every taxpayer this tax season 2023!
The Internal Revenue Service (IRS) uses tax brackets to make sure that people who earn more money pay more in taxes. Each tax bracket has a rate that is applied to taxable income that falls within a certain range.
In the US, your tax…
Who’s eligible for stimulus checks during tax season?
While the federal government has made it plain that stimulus checks will not be issued at that level again in response to the COVID-19 crisis, some states will make it easier for residents to receive refunds when filing their tax returns.…
IRS encourages millions of taxpayers to delay filing; But why?
The Internal Revenue Service advises deferring tax filing if a person received a special refund or payment from their state last year.
Unfortunately for millions of taxpayers, the IRS has taken the rare step of requesting some…
Tax refund is expected to be smaller this year; Here are 4 tips to prepare!
The Internal Revenue Service projects that in the year 2023, taxpayers' tax refund will likely be lower than in recent years.
This is possible for a number of reasons, including the fact that taxpayers did not get any more stimulus funds…
Earned Income Tax Credit: $100 Increase in payment is on table for approval
A state tax credit for Hoosiers would increase thanks to legislation that the Indiana House on Monday unanimously adopted.
The law, HB 1290, does more than just raise Indiana earned income tax credit by a few hundred dollars in some…
Tax rebate recipients in California and Colorado should delay filing this year!
California and Colorado, who got tax refunds the previous year are being urged by the IRS to postpone filing their taxes.
The Internal Revenue Service is recommending millions of people in 22 states, including California and Colorado,…
IRS suggests rules for reporting tips; What is under SITCA program?
The Internal Revenue Service (IRS) is seeking public input on a plan that would permit employers in service industries to send gratuities to the tax agency.
The government announced the proposed establishment of the Service Industry Tip…
Can you pay your taxes via credit card?; Here’s how!
When it comes to paying taxes, many people find themselves strapped for cash. If you're one of them, you can use a credit card.
The Taxpayer Relief Act of 1997 allowed the Internal Revenue Service (IRS) to accept credit cards as a form…