IRS, tax

Average tax refunds so far in 2025 are up 7.5% but IRS still receiving fewer early returns
The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago.
IRS Issues Advise on How Millions Can File Tax Returns for Free
More than 30 million taxpayers across the country are eligible to file their federal tax returns completely free-of-charge this year using Direct File, the Internal Revenue Service (IRS) has said. Tax season is underway, with the IRS currently accepting payments and returns for 2024. The deadline to file is April 15.
IRS Warns Taxpayers: These 7 Simple Mistakes Will Mess Up Your Returns
The simplest mistakes you can make on your tax returns are some of the most common, according to a new IRS warning.
IRS warns taxpayers about these ‘dangerous threats’
Tax season is upon us, and the IRS is warning people to watch out for numerous scams while working on their filing. The Internal Revenue Service wants to ensure taxpayers know what to watch out for when completing their returns this year.
IRS Gives Tax Refund Update as Over $100B Returned
According to the latest data from the IRS, $102.253 billion has been refunded to taxpayers so far this filing season, which began on January 27. The amount taxpayers are getting has increased too. The average refund amount has increased from $3,213 in 2024 to $3,453—a boost of $240.
5 ways to get your tax refund faster
CNBC Select explains how filing digitally and arranging for direct deposit can speed up your refund by a matter of weeks.
Detroit Free Press4d
More than $1 billion is ready to be claimed by those who did not file a 2021 tax return
If you're one of those people, all you have to do is file a 2021 federal income tax return by April 15. Taxpayers have roughly one month left now to claim that 2021 refund. The Internal Revenue ...
Filing this tax claim could cost you a $5,000 fine and jail time, IRS warns
The IRS reviews suspicious claims and sends letters to filers asking for additional verification for any claims — including withholdings. Claims deemed fraudulent can result in penalties of $5,000 for ...
ThinkAdvisor2d
8 Overlooked Tax Deductions and Credits
With tax filing season for 2024 returns in full swing, it's important that clients take all deductions and credits that they ...
8 common mistakes that can prompt IRS to delay or reject your tax refund
The IRS has identified eight common mistakes that can delay refunds to taxpayers or prompt rejection of their tax returns.
Tennessean10d
2025 tax season off to slow start amid federal layoffs, hiring freeze. Will refunds be affected? What to know
The IRS continues to see a decreased number of returns being filed, but expects things to even out closer to Tax Day. Around 6,000 IRS workers were laid off by the Trump Administration ...