Millions of U.S. taxpayers are eligible to have their federal income tax returns filed for free through the IRS Free File program. Depending on your adjusted gross income (AGI), you may be able to use the guided tax preparation services offered through an authorized IRS partner site and/or the fillable forms. To learn how to file…
The Internal Revenue Service has announced that the nation’s tax season will start on Monday, Jan. 24, 2023, when the tax agency will begin accepting and processing 2022 tax year returns. The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the nation’s 2023 tax season when the agency will begin accepting…
Changes to tax rules for charitable contributions and the end of pandemic-related stimulus and credits could mean less money for you. It’s highly likely your tax refund will be smaller in 2023, the Internal Revenue Service is warning, as pandemic-era programs continue to expire. Some tax credits that boosted refund bottom lines since 2020 are…
The Internal Revenue Service encourages taxpayers to use their free online IRS tools and resources to find the information they need to get ready to file their federal tax returns. Specifically, IRS.gov is a one-stop shop for tax novices and experts alike, offering how-to guides, FAQs, calculators, estimators, and downloadable files. The following are some…
Most taxpayers now use e-file to submit their returns. The process is easy to use, especially with the help of tax preparation software. On occasion, however, you may find that your electronically filed tax return gets rejected by the IRS. If this happens to you, don’t panic. There are numerous reasons why the IRS could…
Every year, the IRS accepts several batches of tax returns to test in a Controlled Launch before they are officially open. Every tax season about a week in advance the IRS routinely runs a Controlled Release Process(“HUB Testing”) from various e-file providers (including free online e-file services) every year to test their systems. A small…
Most of us would not intentionally commit tax fraud. Being convicted of filing fraudulent tax returns can put a crimp in your professional life, not to mention the possibility of going to prison. Yet, some people commit tax crimes without even knowing it. When US tax returns are filed, you sign on the bottom line…
As tax season approaches, many individuals find themselves wondering when they can file their taxes. While the official tax filing deadline is typically April 15th in the United States, the good news is that you can file your taxes much earlier than that. In fact, the earliest you can file your taxes each year is…
2023 IRS E-File Refund Cycle Charts The IRS will begin accepting 2022 tax returns on January 23, 2023, with nearly 165 million individual tax returns expected to be filed in 2023. The nation’s tax deadline will be April 18 this year. Many tax software companies and tax professionals will be accepting tax returns before Jan. 23 and then…
The IRS watchdog reported this week that the agency is unlikely to eliminate a huge backlog of tax returns this year, again leaving many U.S. taxpayers waiting for their returns and their tax refunds to be processed. “The delays in processing backlogged tax returns continue to burden taxpayers,” the report released Thursday from the Treasury…
