Before you file, you’ll want to be aware of any changes for the 2023 tax season. Experts warn that there are a few key deductions you can’t take this year—which could affect what your refund adds up to. There are also a few updates to tax credits as well. CLICK ON THE HEADLINE FOR MORE
Many financial experts are warning that refunds will be smaller. You may even find yourself owing money instead of getting some back. There are mulltiple reasons you may not get a refund this year. For six common reasons some people could owe money to the IRS, CLICK ON THE HEADLINE
The IRS has a warning for early filers: “You need to wait for key documents before submitting your tax return. A little extra caution could save you time and effort.” CLICK ON THE HEADLINE FOR MORE
The IRS may have the ability to automate nearly half of tax returns, according to a paper from the National Bureau of Economic Research. The findings show the agency could correctly auto-fill an estimated 62 million to 73 million returns with information it already has, covering 41% to 48% of taxpayers. CLICK ON THE HEADLINE FOR MORE
As a general rule, it’s a good idea to outsource tax preparation if your taxes are complicated. But even if you’re a salaried worker with little to no outside income, it could still pay to hire someone if doing so gives you peace of mind. CLICK ON THE HEADLINE FOR MORE
Impersonation communication and fake tax preparers — scammers are after your money this tax season. For tips to safeguard your refund, CLICK ON THE HEADLINE
With no deal to extend these temporary advance tax credit payments into 2022, American parents have likely received their last monthly Child Tax Credit payment. But there still may be money to claim this tax season. For everything you need to know about reporting your advance payments and how to claim the rest of the Child Tax Credit, CLICK ON THE HEADLINE
According to the IRS, some of you may be asking for money that the agency doesn’t think you should have. …and it’s fixing your tax return for you. CLICK ON THE HEADLINE FOR MORE
With federal enhanced unemployment benefits soon running out, you may soon have some unanticipated money heading directly to your bank account or mailbox. No, not a fourth stimulus check, but a tax refund on 2020 unemployment benefits. FOR A BREAKDOWN ON EVERYTHING, CLICK ON THE HEADLINE
If your July child tax credit check didn’t add up, use c/net’s calculator to crunch the numbers before the next monthly installment. CLICK ON THE HEADLINE FOR MORE