Experts generally advise putting it toward debt and savings, but, for many people, that’s unrealistic.
IRS
Posted inBusiness, Nation / World, News
Tax Day 2024: What to know about deadlines, extensions, refunds and more
Millions of people will file their taxes during the final week before the April 15 deadline.
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Posted inNation / World
The IRS has 940,000 unclaimed tax refunds from 2020. Is one of them yours?
People in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide.
Posted inBusiness
The IRS’s new free site for tax filing is now up and running
Maine is not among the 12 states where the system is accessible, however.
Posted inBusiness
IRS: Fund us, and we’ll collect hundreds of billions from tax cheaters
Biden administration officials say economic research shows they’ll avert hundreds of billions of dollars of tax evasion by funding the agency.
Posted inBusiness, Nation / World, News
For IRS, backlogs and identity theft problems remain, but there is ‘cautious optimism’ watchdog says
The report serves as a reality check of sorts as IRS leaders say the funding boost is producing big improvements in services to taxpayers.
Posted inMaine, News
IRS reverses itself, now says $450 state payments for energy relief will be exempt from taxes
The federal agency had said this week that the payments would be taxed, drawing criticism from state officials.
Posted inBusiness, Nation / World, News
Treasury’s Yellen calls Republican effort to cut IRS funding ‘damaging and irresponsible’
House Republicans argue it would save taxpayer money, but independent budget analysts say it would actually cost taxpayers billions from uncollected tax revenues.
Posted inNation / World, News
House Republicans demand IRS budget cuts to pay for Israel aid
Republicans propose cutting IRS funds aimed at cracking down on rich tax cheats and improving taxpayer service.
Posted inNation / World, News
IRS plans limited rollout of free e-file tax return system with invitations to select taxpayers
The introduction of a government-run option could upend the industry and fundamentally change the way taxpayers interact with the IRS.