-
If You're Still Missing Your Tax Refund, You'll Soon Receive 7% Interest From the IRS — But It's Taxable
If you’re waiting for a tax refund, it may be accruing interest, and the rate jumps to 7% from 6% in January. Here’s what filers need to know.
-
IRS: Here Are the New Income Tax Brackets for 2023
The IRS has released higher federal tax brackets and standard deductions for 2023 to adjust for inflation. Here’s what filers need to know.
-
Spain: Shakira Rejects Prosecutors' Offer, Faces Tax Trial
The public relations firm that represents Shakira says the Colombian pop singer has opted to go to trial instead of accepting a deal offered by Spanish prosecutors to settle allegations she defrauded Spain’s government of 14.5 million euros ($15 million) in taxes.
-
Who May Still Be Eligible for $1,400 Stimulus Checks With Their 2021 Tax Returns
Most of the third round of stimulus checks has been sent. But if you never received a payment or your circumstances have changed, you may be eligible for money.
-
Biden's Budget Proposes Tax Hike on Married Filers Making More Than $450,000
President Joe Biden has proposed a hike on the top marginal income tax bracket for single filers earning more than $400,000 and married couples above $450,000.
-
How to Avoid a Tax Filing Rejection If Last Year's Return Is Still Pending
Is your 2020 tax return still pending? There’s a special step to follow when electronically filing your 2021 return, the IRS says.
-
How to Avoid a 6-Figure Tax Penalty on Foreign Bank Accounts
If you have overseas financial accounts, you may need to disclose balances to the U.S. Department of the Treasury by April 15 or incur a steep tax penalty.
-
There's a Tricky Cryptocurrency Question on Your Tax Return. ‘You're Playing With Fire If You Don't Report It.'
The IRS has issued a warning about how to answer the cryptocurrency question on the front page of your tax return. Here’s how to respond correctly.
-
Two States Are Temporarily Suspending Their Gas Taxes and Others Could Follow. But Don't Expect Big Savings
As two states put temporary gas tax holidays in place, savings may be limited. Plus, it won’t help price pressures from inflation and Russia-Ukraine conflict.
-
Financial Advisors Are Still Reluctant to Use Cryptocurrencies. Investor Demand May Change That
About 45% of advisors expect to use cryptocurrencies in the future in response to client requests, according to a report from Cerulli Associates.
-
Meet Erin Collins, National Taxpayer Advocate for the IRS
Erin Collins, the national taxpayer advocate, fights for systemic changes within the IRS. Here’s what to know about the Taxpayer Advocate Service.
-
The IRS Has Delivered More Than 45 Million Tax Refunds. This Is the Average Payment
The IRS has issued more than 45 million refunds worth almost $152 billion, as of March 11. Here’s the average payment.
-
Tax Return Backlog Will ‘Absolutely' Clear by End of 2022, Says IRS Commissioner Charles Rettig
IRS Commissioner Charles Rettig told House lawmakers he expects the backlog of tens of millions of unprocessed tax returns to clear by the end of 2022.
-
One-Third of Job Switchers Took a Pay Cut for Better Work-Life Balance. How to Prepare to Live on a Lower Salary
One-third of workers who switched jobs during the pandemic took a pay cut in exchange for better work and life balance, according to Prudential.
-
Bipartisan Group of Lawmakers Pushes IRS for Answers on ‘Numerous Problems' Facing Taxpayers
A group of bipartisan lawmakers is pressing the IRS for answers regarding “numerous” concerns amid a challenging tax season.
-
Want to Give Your Finances a Spring Cleaning? First, Get Organized
By decluttering your finances, you will be less stressed and on track to financial wellness.
-
Many Americans Are Eligible for More Generous Tax Credits This Year. They Will Have to File a Return in Order to Get the Money
Research finds free tax return filing programs may be the answer to ensuring those who are eligible receive the government money due them.
-
Considering a Roth IRA Conversion? Here's What Investors Need to Know to Reduce the Tax Bite
If you’re eyeing a Roth IRA conversion, there may be ways to lessen the tax bite, financial experts say. Here’s what investors need to know.
-
Should You Super Fund a 529 College Savings Plan? Here's What Experts Say
It’s possible to kick-start your 529 college savings plan with a larger, upfront contribution. Here’s what to know about this strategy.
-
Already Claimed Social Security? There Are Still Ways You May Be Able to Increase Your Retirement Benefits
The age you claim Social Security largely determines the size of your monthly checks. But there are still ways you can boost that benefit payout.