There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

The IRS generally issues refunds within 21 days for taxpayers who file electronically and choose direct deposit. Paper ...

This year will be a pivotal year for tax policy and will have far-reaching consequences for our economy and democracy. It is important that the people understand what is at stake. This Tax Justice and ...

The IRS provides straightforward instructions with the form to help you get it right but always check with a tax professional if your tax situation is a little complicated and you're unsure. Article ...

It's important to understand what a tax extension does and doesn't do or you could end up making costly mistakes.

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for ...

If you are at least 65 or blind, you can claim an additional standard deduction benefit worth $1,950 for 2024. The extra deduction amount is doubled if you and your spouse meet that criteria. For ...

Tax season can be complicated, and for many people, the biggest concern on April 15 each year is not just how much they owe, ...

Another change to the tax code could mean you get a higher refund this year. A state law that went into effect in January ...

"It's taxable income," said Matthew Foreman, a tax attorney and partner at law firm Falcon Rappaport & Berkman. The winnings are income even if the prediction platforms don't send a notice formally ...

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

Learn what happens if you don't file your taxes. Discover the consequences, penalties, and how to address unfiled tax returns ...