-
House Passes ‘Secure Act 2.0.' Here's What That Means for Retirement Savings
The House of Representatives has passed the Securing a Strong Retirement Act, or Secure Act 2.0. It’s good news for many retirement savers.
-
House of Representatives Set to Vote on Bill to Improve Retirement System. What to Know
The House of Representatives could vote on the Securing a Strong Retirement Act, or Secure Act 2.0, as early as Tuesday.
-
There's Still Time for 2021 IRA Contributions, But a Tax Break Isn't Guaranteed. Here's What to Know
The deadline for 2021 traditional individual retirement account contributions is April 18. But there are special rules to qualify for a deduction. What to know.
-
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.
-
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.
-
There Are 4 Weeks Until the Tax Deadline. What Filers Need to Know
There are four weeks until the federal tax deadline, which is April 18 for most Americans. Here’s what to know if you haven’t filed.
-
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.
-
46% of Taxpayers Plan to Save Their Refunds This Year
So far, the average tax refund is $3,401, nearly 14% higher than last year, according to the IRS.
-
Eligible Taxpayers Can Claim Earned Income Tax Credit in These States
More than a dozen states added or expanded earned income tax credits in 2021. Here’s what to know about this write-off for low to moderate earners.
-
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.
-
Cash-Rich States Create ‘Competitive Environment' With Flurry of Tax Cuts
There’s been a wave of state-level tax cuts spurred by budget surpluses, and more may be coming, policy experts say. Here’s what taxpayers need to know.
-
IRS Plans to Hire 10,000 Workers to Tackle Backlog of 20 Million Unprocessed Returns
The IRS plans to hire 10,000 workers to help tackle a massive backlog of over 20 million unprocessed returns.
-
Remarrying? Here Are Financial Considerations to Keep in Mind Before Saying ‘I Do'
When it comes to remarriage, advisors recommend engaged couples look at their financial pasts, presents and futures before tying the knot again.
-
IRS Unveils Taxpayer Experience Office to Improve Customer Service
The IRS has established a Taxpayer Experience Office as part of a long-term plan to improve customer service. Here’s what to expect.
-
New Jersey Gov. Murphy Floats Property Tax Relief for Nearly 1.8 Million Homeowners, Renters
Gov. Phil Murphy has proposed property tax relief for nearly 1.8 million New Jersey households, including renters. Here’s what residents need to know.
-
How to Score a Tax Write-Off for 2021 Donations to Charity If You Don't Itemize Deductions
Single taxpayers can claim a tax write-off for cash gifts up to $300 and married couples filing together may get up to $600 in 2021. Here’s what to know.
-
Americans Are Eager for More Monthly Child Tax Credit Checks. Future Payments Could Come With Work Requirements
Millions of parents would love to see more monthly child tax credit checks. But getting lawmakers to renew those payments under the same terms may be difficult.
-
Single Vs. Head of Household: How It Affects Your Tax Return
If you’re confusing the single and head of household filing statuses, you may be leaving tax breaks on the table. Here’s what to know for your 2021 return.