IRS

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…

A pair of US senators who are pursuing a bipartisan proposal to overhaul Social Security sought to allay concerns late last week that their idea would result in reduced payouts for beneficiaries. Senators Bill Cassidy (R-Louisiana) and…

When filing their federal income tax return, students and former students who have paid interest on a qualified student loan may be eligible for a tax deduction for some or all of the interest. To record the amount paid in interest, they…

You may be able to file for a larger refund if you are aware of the various tax credits provided by the Federal Revenue Service (IRS). The Credit for Other Dependents, which includes those who reside overseas, stands out among the many…

The Internal Revenue Service (IRS) has reminded taxpayers that the deadline for filing their 2023 taxes is rapidly approaching. Even if you rush to finish everything before the April 18 due date, you still need to be cautious about what…

Numerous retirees intend to enhance their retirement benefits with supplemental employment, so how much may a retired individual earn taxes-free? The response to this question varies greatly depending on the specifics of your case. You…

According to the most recent weekly data from the IRS, tax refunds are consistently less than a year ago, which is a result that many tax experts had predicted. Yet, the agency is in control of the filing season, which is a change from…

Employee Retention Credits (ERC) are the target of a widespread tax scam for 2023, according to the Internal Revenue Service, and you may have recently seen advertisements for this scam. The refundable tax credit was created to assist…