Tag Archive for: taxable income

Tax Refunds 10.2% Higher Than Last Year, With An Average Refund Of $3,800

Even though 2025 has ended, you still have time to potentially increase your refund or reduce the taxes you owe before the April 15 deadline. There are a few strategies to consider.

IRS Issues Stern Warning For Taxpayers Claiming Two Popular Credits

The IRS is warning taxpayers that refunds may be delayed if they claim two of the most popular credits available. If you’re expecting a refund that includes either of these credits, it’s important to factor in the potential delay when budgeting for the months ahead.

Trump’s Tax Cuts: What Will Be Different When You File Taxes In 2026?

Although many of the changes take effect in 2026, taxpayers will already notice meaningful differences when filing their 2025 tax returns. You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

What Are Your Chances Of An IRS Audit? 15 Audit Red Flags To Know Before You File

Most taxpayers can relax. In recent years, the IRS has audited well under 1% of individual tax returns, and that figure is expected to decline further. That said, audits haven’t disappeared. Here are 15 common audit red flags to be aware of.

How 2026 Tax Bracket Changes Affect Retirement Income

Understanding the new federal income tax thresholds could save retirees thousands through smarter withdrawal timing and conversion strategies.

Want To File 2025 Income Taxes Early? The Tax Season Will Open Soon

Although you cannot file your 2025 tax return before the IRS officially opens the 2026 tax season, you can prepare in advance by following IRS guidelines so you’re ready to file as soon as the date is finalized.