Most taxpayers believe they must wait for an IRS transcript update to know whether their refund is moving forward. That is no longer true. In 2026, one of the fastest ways to gauge refund progress…
With millions of Americans now receiving taxable unemployment compensation, many of them for the first time, the Internal Revenue Service today reminded people receiving unemployment compensation that they can have tax withheld from their benefits…
Who is Self-Employed? Generally, you are self-employed if any of the following apply to you. You carry on a trade or business as a sole proprietor or an independent contractor. You are a member of a partnership that carries on…
Whether it’s something they’ve been doing for years or something they just started to make extra money, taxpayers must report income earned from hobbies in 2020 on next year’s tax return. What the difference between…
Losing Your Job Doesn’t Always Mean a Smaller Refund Job loss brings stress, uncertainty, and financial pressure—but it also affects your tax situation in ways most people don’t expect. The truth is, your refund might…