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,…
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 are eligible to claim the Earned Income Tax Credit (EITC). For the past 18 years, the IRS has invited community organizations, elected officials, state and local governments,…
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 comprehensive project to simplify and clarify the approximately 170 million letters sent to taxpayers annually. As part of the broader transformation funded by the Inflation Reduction…
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 revamped appearance to the Where’s My Refund? Refund Status Result pages. Here’s a sneak peek into the…
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 schedule, stay vigilant on Where’s My Refund? The IRS is currently undergoing Hub Testing and will be accepting tax returns daily throughout…
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 credits A tax credit reduces the income tax bill dollar-for-dollar that a taxpayer owes based on their tax return. Notice in the image…
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 need to work with the IRS on a tax matter. This includes when a taxpayer files a return, pays…
2024 IRS E-File Tax Refund Cycle Charts Explore our comprehensive guide for the 2024 IRS e-file direct deposit dates! Stay informed and streamline your tax season experience with our valuable insights on when you can anticipate your tax refund. The IRS will begin accepting 2023 tax returns on January 29, 2024, with nearly 165 million individual…
