IRS to Issue Special Payments: Up to $1,400 for Eligible Taxpayers The IRS recently announced that approximately 1 million taxpayers will soon receive special payments of up to $1,400. These payments, part of a $2.4 billion distribution effort, will either be directly deposited into…

Prepare Now for the 2025 Filing Season: Key Updates and Tips from the IRS As the 2025 tax filing season approaches, the IRS encourages taxpayers to take proactive steps to ensure a smoother, stress-free experience when filing their 2024 federal income tax returns. With enhanced digital…

Understanding When the IRS "Where’s My Refund" Tool Updates for EITC and ACTC Refunds in 2025 Tax season is underway, and many taxpayers are eagerly awaiting updates about their refunds. If you’re claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), it’s essential to und…

Tax Refund Advance Loans: What National Tax Services Are Offering This Year Tax season is here, and many taxpayers are eager to get their refunds as quickly as possible. For those who need extra cash during the holidays or before their refunds are processed, tax refund advance loans can be a…

2025 Tax Transcript Cycle Code Charts A cycle code is an eight-digit code found on your account transcripts. The cycle code indicates the day your account was posted to the IRS Master File. This date indicates the four digits of the current cycle year,…

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…