CFPB Takes Action Against Navient for Years of Student Loan Mismanagement and Violations Order would put an end to Navient’s years of abuse of students and taxpayers in the federal student loan program Today, the Consumer Financial Protection Bureau (CFPB) announced a proposed order against N…

Maximizing Deductions for Home-Based Businesses: A Guide to Claiming Home Office Deductions and Other Expenses Running a home-based business comes with many perks—flexibility, no daily commute, and the comfort of working in your own space. But one of the most significant advantages is the ability to deduct certain expenses o…

Understanding IRS Tax Refund Deposits Tax season can be a time of anticipation and excitement, especially when you’re expecting a refund from the IRS. Understanding when the IRS makes deposits for tax refunds can help you plan better and manage y…

Today is Tax Day for 2024! It’s that time of year again – Tax Day 2024 is here! Today is the deadline to file your 2023 tax return or to request an extension. Whether you’ve been on top of your tax prep or find yourself scrambling to gather d…

PATH ACT TAX REFUND HOLD 2024 ENDS TODAY 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…

IRS Will Update The Where’s My Refund? Tools by February 17 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 ta…

Making Sense of Your IRS Refund Status: "Identity Verification" Alert 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…

Understanding the "Processing Delay" of IRS Refund Delays 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…

IRS Refund Status: Understanding the "More Information" Letter 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…

House passes bill to enhance child tax credit 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…

Things to remember when filing 2023 tax returns 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…

IRS Where's My Refund? Status Message: Identity Verification Process 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…

IRS Initiates Tax Return Acceptance Today, Marking the Start of the 2024 Tax Filing Season. 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…

Earned Income Tax Credit Awareness Day Jan. 26, 2024 The Internal Revenue Service and partners around the nation today launched the annual Earned Income Tax Credit Awareness Day outreach campaign to help millions of low-to-moderate income working Americans that…

IRS launches Simple Notice Initiative redesign effort Shorter, clearer letters to reduce taxpayer confusion; about 170 million notices are sent to individual taxpayers annually The Internal Revenue Service (IRS) has initiated the Simple Notice Initiative, a…

Unveiling the New Look of IRS Where's My Refund? Tools – A Digital Transformation In an era where digital interfaces play a crucial role in our daily lives, the Internal Revenue Service (IRS) is gearing up for a digital transformation of its own. Brace yourselves as the IRS introduces a fresh and…

Did Your Tax Return Get Accepted Before the IRS Opening Day in 2024? The 2024 tax season is underway, and a few early taxpayers have already received notifications from both Where’s My Refund? and their tax services. If you’ve already tackled your tax preparation ahead of…

Tax credits and deductions for individuals Tax credits and deductions change the amount of a person’s tax bill or refund. People should understand which credits and deductions they can claim and the records they need to show their eligibility. Tax cre…

The Taxpayer Bill of Rights protects all taxpayers year-round The Taxpayer Bill of Rights is the 10 rights all taxpayers have any time they interact with the IRS. These rights cover a wide range of topics and issues, and they explain what taxpayers can expect if they n…