IRS

Before you file your next tax return, review some of the most complicated areas of the tax code. The fact that you are exempt from paying Social Security tax on income beyond the "taxable maximum"—which is $147,000 for 2022 and increases…

In less than two weeks, claimants will get the first installment of March Social Security Administration retirement payments, totaling up to $4,555. On March 9, participants born between the first and the 10th will receive the first…

You are not alone if you are still working on submitting your tax return in 2023. Many people wait until the final day of April 15 — or April 18 in 2023 — to complete their tax returns. This is expected to be especially true in 2023,…

Most Americans aren't surprised when they discover that the average tax refund is significantly smaller than it was a year ago after weeks of warnings. The average refund for early filers whose forms were completed by the Federal Revenue…

Service Industry Tip Compliance Agreement (SITCA), a new planned tip reporting procedure, was made public by the IRS last month. Service workers' tax obligations may increase as a result of the voluntary tip reporting program between the…

Taxpayers may now stay up to speed on the status of their tax refund with the use of a new tool. The "Where's My Refund?" application is the most practical way to check the status of tax refunds for 2022, 2021, and 2020, according to the…

When a taxpayer attempts to contact the Internal Revenue Service (IRS) over the phone, the IRS occasionally makes things challenging. Although the majority of procedures may now be completed online or by mail, there are instances when…

The IRS has recently identified a particularly nasty W-2 tax hack that encourages individuals to lie about their income in order to obtain unearned tax credits and larger tax refunds. Tax season is accompanied by tax frauds like night…