IRS

The Colorado Cash Back program will provide $750 to those who file their 2021 tax rebates by October 17, 2021. Eligible couples will earn $1,500. In May, Gov. Jared Polis approved a bill to restore money to taxpayers. Originally, the…

A review of IRS tax audit data from 2022 revealed that taxpayers in the lowest income band are five times more likely to be audited than those in the highest income bracket. Tax Reports During an annual report to Congress, National…

In 2023, the IRS will pay a great deal of attention to crypto-derived income, as cryptocurrencies are no longer the hottest new investment asset. Regrettably, crypto tax rules remain somewhat complex. The IRS makes it clear that…

If you understand what tax deductions and tax credits are, how they operate, and how to apply for them, you can save a ton of money. A tax deduction reduces your taxable income, so reducing your overall tax burden. When you deduct the…

Investors should be aware that there are legal methods to reduce, defer, or even eliminate taxes on investment gains, allowing them to keep a larger amount of their income. Your investment income is subject to taxation by the Internal…

If you file your taxes as soon as they become available, you can expect your tax refund more promptly. Tax returns won't be accepted by the IRS until the end of January 2023. Direct deposit for your refund check and internet filing are…

The IRS will soon begin issuing tax rebates, which is wonderful news for households across the US as we enter a new year. Although the procedure can take a while, it is speeding up thanks to technology, and refunds, if any, can now be…

This week, the Biden-Harris administration filed a brief with the Supreme Court in the legal challenge to its student loan forgiveness program, which is on hold until the high court issues a decision on the matter later this year. In a…