It’s that time of the year again – Tax Day 2024 has arrived! Today marks the deadline for filing your 2023 tax return or requesting an extension. Whether you’ve been diligently preparing your documents or find yourself scrambling at the last minute, now is the time to take action. Filing your taxes by the deadline…
The Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud and permanently extend many expiring tax laws. The law, which was enacted on December 18, 2015, first impacted tax returns filed starting in 2017 and will continue to impact all future tax returns until the…
The IRS’s “Where’s My Refund?” tool will be updated by February 17, 2024, for many taxpayers who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). Before February 17, some taxpayers may see a PATH ACT Disclaimer message or an intermittent message (Being Processed) informing them that the IRS is…
Tax season brings not only the anticipation of a refund but also the importance of safeguarding one’s identity against potential threats like identity theft. If you’ve encountered the message, “To protect you from identity theft, your tax return is currently being reviewed. To help us process your return more quickly, verify your identity and tax…
For many individuals, the anticipation of receiving a tax refund is a significant aspect of the tax season. However, if you’ve recently encountered the message, “We apologize, but your return processing has been delayed beyond the normal timeframe. You can continue to check your refund. The IRS understands your tax refund is very important, and…
Navigating the tax season can be a mix of anticipation and uncertainty. If you’ve recently checked your IRS refund status and encountered the message, “We received your return and sent you a letter requesting more information. Please respond by following the instructions in the letter. If you don’t respond, your refund amount could be changed.…
On January 31st, the House achieved a noteworthy feat by passing a substantial $79 billion tax cut package with widespread, bipartisan support. This package is set to bolster the child tax credit for millions of lower-income families and provide three tax breaks for businesses, garnering coveted policy wins from both sides of the political spectrum.…
The Internal Revenue Service today offered a checklist to help taxpayers as they prepare to file their 2023 tax returns during filing season. These six easy tips will help make tax preparation smoother in 2024. Much of this information is also available on a special IRS.gov free help page: Before beginning, taxpayers should have: 2. Remember to…
The excitement of anticipating a tax refund can sometimes be tempered by the IRS “Where’s My Refund?” status messages. One such message that taxpayers may encounter is, “To protect you from identity theft, your tax return is currently being reviewed. To help us process your return more quickly, verify your identity and tax information.” In…
The Internal Revenue Service successfully opened the 2024 tax season today by accepting and processing federal individual tax returns as the agency continues focusing on expanding options to help taxpayers. The IRS expects more than 146 million individual tax returns for 2023 to be filed this filing season, which has a deadline of April 15,…
