Taxpayers should be aware of potential scams in 2026, according to the IRS.
Tax Fraud Changes and Warnings for 2026 Tax fraud tends to be a shifting issue, with each season bringing new strategies aimed at misleading taxpayers. Many individuals might not realize something is amiss until they find their legitimate tax return is rejected, or they unexpectedly receive a refund. The past couple of years saw issues […]
IRS suggests new guidelines for the implementation of the Trump Accounts savings program
Proposed Rules for Trump Accounts for Children The IRS and the Treasury Department recently unveiled proposed regulations aimed at establishing Trump Accounts. These accounts allow parents and guardians to set up savings accounts for children. This initiative stems from the One Big Beautiful Bill Act, which was enacted last year. The Trump Accounts are expected […]
IRS tax refunds increase by 10.2% according to early filing information
Tax Refunds See Notable Increase This Season The average tax refund this season has risen by 10.2% compared to around the same time last year, according to recent data from the IRS. This figure reflects a decrease from the 14.2% increase reported previously. As of February 20th, the average refund for individual filers is $3,804, […]
Believe an old tax problem is resolved? The IRS disagrees.
IRS Voluntary Disclosure Program: An Important Discussion Terry Garton initiated a conversation about the ongoing staffing difficulties at the IRS, particularly as the tax filing season approaches. He posited that now might be a critical time for the public to focus on the IRS Voluntary Disclosure Program (VDP). Valerie Makarewicz emphasized the significance of timely […]
Average IRS tax refund rises by 14.2% based on early filing information.
The average tax refund this season has increased by 14.2% compared to the same period last year, based on initial filing data from the IRS. As of February 13, individual filers received an average refund of $2,476, a rise from $2,169 from the previous year. This data reflects cumulative statistics since the tax season began […]
The $6,000 ‘Senior Bonus’ – A Guide to Claiming the New 2026 IRS Tax Shield Before the April Deadline
Understanding the New $6,000 Senior Bonus Deduction Many retirees are on the lookout for straightforward ways to lessen their tax burden without getting lost in complicated strategies or making risky moves. The newly introduced $6,000 “senior bonus” deduction does just that by allowing qualifying filers to keep more of their income away from federal taxes. […]
Tax fraud begins in January with phony IRS messages aimed at Americans
Tax season doesn’t really start in April; for scammers, it begins as soon as January rolls around. While you might be waiting for your W-2 or 1099, cybercriminals waste no time bombarding people with fake IRS messages, alerts about “refund problems,” and account verification scams. These scams often look surprisingly legitimate, which is, unfortunately, by […]
IRS Provides Updated Guidance for 2026 Filing Season
As President’s Day nears, the Internal Revenue Service (IRS) has issued a warning to taxpayers about a surge in call center demand. This particular week is historically one of the busiest during the tax filing season. To help avoid long wait times, Americans are urged to utilize the various online tools that provide answers to […]
IRS pushes Louisiana tax filing deadline to March 31 following severe winter ice storms
Tax Relief Announced in Louisiana NEW ORLEANS – The IRS has rolled out tax relief for both individuals and businesses in Louisiana impacted by the severe winter ice storm that started on January 22. Thanks to this announcement, those affected now have until March 31 to file and pay various federal personal and corporate tax […]
IRS tax refunds have increased by 10.9% this season, according to early filing data.
D Keine | E+ | Getty Images Early filing data from the IRS indicates that the average tax refund has risen by 10.9% compared to the same period last year. The 2026 tax season kicks off on January 26th. As of February 6, the average refund amount reported by the IRS is $2,290, an increase […]