IRS

A bipartisan group of senators has filed legislation to improve the public's understanding of the ideal timing to begin collecting Social Security. In addition, the group is requesting that the Social Security Administration investigate…

The governor of Alabama, Kay Ivey, said that Alabama is booming and that she would approve an $800 lump-sum tax rebate for Alabama families. Ivey gave a State of the State address at the State Capitol, where she also unveiled several…

Tax credits lower your overall tax liability, which means you may owe less or receive a larger refund. These are used by governments to help taxpayers cover expenses or as incentives for certain actions, such as driving an electric vehicle.…

Most taxpayers can anticipate receiving their tax refund two weeks after filing their federal taxes. Why My Tax Refund Is Delayed? According to the IRS, however, a number of factors might cause your return to be delayed, so it's critical…

The Internal Revenue Service (IRS) isn't messing around when it comes to informing retirees of the April 1 deadline for receiving benefits from a variety of employment retirement programs. Contributions from retirement plans, such as…

You may be eligible to claim the Child Tax Credit even if you are not required to file a tax return, but you must do so in order to do so. Beginning on January 23, 2023's tax filing season is already well underway. The majority of…

Taxes are a necessary and essential component of life for the people of the United States, which they are well aware of. From federal income tax to state income tax and property tax, Americans are accustomed to spending a large amount of…

Whether you utilize the standard deduction or itemize, tax credits reduce the amount of taxes you owe in a direct manner. Expected tax law changes in 2023 would likely result in reduced tax refunds this year. Recent IRS statistics…