Experts’ tips to avoid issues this tax season
File early. That’s the advice from tax experts as we head into tax season.
File early. That’s the advice from tax experts as we head into tax season.
Tax season officially starts today. This year, parents are advised to keep a special eye out for an IRS mailing known as Letter 6419.
As we get closer to filing our taxes, the IRS warns this tax season is going to be messy.As we get closer to filing our taxes, the IRS warns this tax season is going to be messy.
Millions of families will receive more money in their bank accounts, courtesy of the IRS. The agency began distributing its third child tax credit payment Wednesday.
Check your mailboxes! About four million taxpayers can expect to get refunds from the IRS this week.
The IRS will send out millions of refunds for taxes paid on unemployment benefits. They are going to people who have already paid taxes on 2020 unemployment compensation, because of new legislation on the books that excludes those benefits as income.
The Internal Revenue Service says tax refunds will be delayed for some early filers. According to the National Taxpayer Advocate, the IRS is holding about 29 million returns due to manual processing.
The IRS is sending out more money to people who were shorted in their original stimulus payments. The so-called “plus-up” payments are going to those whose 2020 tax returns show they are owed more money. One example is if you earned less money in 2020 than in previous years.
If you’ve been rushing to get your taxes done before the April 15 deadline, the IRS has extended the deadline until May 17.
The housing market is still going strong despite higher mortgage rates. According to Freddie Mac, the average rate of a 30-year mortgage is now 3%.