Tax

This week, new information regarding whether stimulus checks that states issued in 2022 are regarded as taxable income on federal returns is anticipated from the Internal Revenue Service. According to the agency's notice, individuals who…

Some governments, such as California's Middle-Class Tax Refund (MCTR) program, have offered stimulus checks. However, experts claim that it is unclear and causes a lot of misunderstanding about whether these are taxable or not.…

Taxpayers have until January 31 to file Form W-2 with the IRS and give employees copies to receive their tax refund. They're probably on their way if you haven't received them yet. Even though preparing your taxes in February can feel…

Florida Gov. Ron DeSantis released a record $114.8 billion budget proposal on Wednesday, and within it, he called for a number of tax cuts that would expand on existing toll-road rebates and capitalize on conservative outrage over gas…

A new study published this week indicates that Black Americans are up to five times more likely to have their federal tax returns audited than taxpayers of other races. Black Americans are at least three times more likely to be audited…

On Friday, the IRS indicated that by the following week, it may provide clarification on whether or not California's Middle-Class Tax Refund payments are taxable as income for federal tax purposes. California's Franchise Tax Board (FTB)…

If you want to collect your 2023 federal tax return sooner, the basic recommendation is to gather your paperwork, file online, and request that your refund be paid to your bank or designated online account via direct deposit. If this…

Scammers waiting to steal tax refunds from the naive have arrived alongside tax season. Financial services firm IPX1031 reports a 45% increase in tax-related identity fraud over the past two years, and the FTC documented 111,723 cases in…