If your pay from your job includes tips, the IRS has a few important reminders about tip income: Tips are taxable. Individuals must pay federal income tax on any tips they receive. The value of non-cash tips, such as...
Direct deposit is the fast, easy and safe way to receive your tax refund. Whether you file electronically or on paper, direct deposit gives you access to your refund faster than a paper check. Here are four reasons more...
The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 1:15pm eastern each weekday throughout the year. As...
The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 1:15pm eastern each weekday throughout the year. As...
The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 1:15pm eastern each weekday throughout the year....
While each individual tax return is unique, there are some tax rules that affect every person who files a federal income tax return. These rules involve dependents and exemptions. The IRS has six important facts about dependents and exemptions...
Over the next two days, the IRS will be releasing many of the refunds filed on January 30 and 31. Initial estimates show that about 35% of refunds filed on January 30 and 31 are being released by the...
Part of Wider Effort to Protect Taxpayers, Prevent Refund Fraud IRS YouTube Videos ID Theft: Protect Yourself from Identity Theft English | Spanish | ASL ID Theft: Are You a Victim of Identity Theft? English | Spanish | ASL...
As of today, the estimated percentage of refunds not yet released by the IRS are: – for returns filed 01/23 – 01/24, approximately 55% have not yet been released by the IRS. – for returns filed 01/25 – 01/28,...
Many people look for help from professionals when it’s time to file their tax return. If you use a paid tax preparer to file your federal income tax return this year, the IRS urges you to choose that preparer...
If you haven’t tried IRS e-file before, now is the time. Most taxpayers – more than 80 percent – file electronically. The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut...
Because the IRS set the official start date of e-file for January 30th, the IRS has said it will NOT begin processing of ANY tax refunds until January 30th, even for returns that may have been sent to the...
The Earned Income Tax Credit has made the lives of working people a little easier since 1975. EITC can be a boost for workers who earned $50,270 or less in 2012. Yet the IRS estimates that one out of...
The Internal Revenue Service announced today that it will issue guidance in the near future to provide relief from the estimated tax penalty for farmers and fishermen unable to file and pay their 2012 taxes by the March 1...
The IRS issued more than 9 out of 10 refunds to taxpayers in less than 21 days last year. The same results are expected in 2013. Even though the IRS issues most refunds in less than 21 days, it’s...
December is traditionally a month for giving generously to charities, friends and family. But it’s also a time that can have a major impact on the tax return you’ll file in the New Year. Here are some “Season of...
IRS YouTube Videos Help for Disaster Victims: English | Spanish | ASL How to Request a Copy of Your Tax Return: English | Spanish | ASL Podcast Disaster Assistance: English | Spanish The IRS is providing help to the...
As is the case every year, the IRS will continue to pay some refunds throughout the year – even through December. As of today, looking at the statics of tax returns recently filed, below are estimated of the percentage...
As is the case every year, the IRS will continue to pay some refunds throughout the year – even through December. As of today, looking at the statics of tax returns recently filed, below are estimated of the percentage...