IRS

The recent surge in the Consumer Price Index (CPI) has sent ripples through our economy, impacting not only our wallets but also our tax forms.  In August, the CPI climbed by 0.6%, leading to upward adjustments in tax brackets and key…

Pennsylvania residents can reduce property taxes or rent expenses through the Property Tax Rebate/Rent Program, with applications accepted until the end of December. The amount of the tax rebate a household can secure hinges on their…

The SSDI program is a vital support for Americans facing enduring disabilities, providing monthly payments to those who can't work due to long-term ailments lasting at least a year. In 2023, SSDI beneficiaries saw a welcome 5.9 percent…

The IRS is rolling out an innovative pilot program aimed at simplifying the tax filing process for residents in select states.  This new initiative, known as the Direct File pilot test, is designed to make filing federal income taxes…

The IRS has extended the comment period for a proposed crypto tax rule that has stirred significant discussion within the cryptocurrency community.  Originally scheduled to end in October, the comment period will now continue until…

New York will see an increase in the Child Tax Credit in 2024, bringing financial relief to parents and guardians, in a positive development for families across the state. The Child Tax Credit, a federal program designed to assist…

Virginia residents have a limited window of opportunity to secure a valuable tax rebate for the 2022 tax year.  With just eight days remaining until the extended deadline of November 1, individuals and joint filers have the chance to…

The IRS and US Treasury have significantly won by recovering a remarkable $160 million in unpaid taxes from affluent individuals. This achievement highlights the importance of addressing tax evasion and ensuring that all taxpayers pay…