A 27% reduction in IRS staff may affect your refund. Here’s what to know.
Tax Season Updates: Staffing Shortages and New Legislation This tax season brings some fresh opportunities for savings under the One Big Beautiful Bill Act (OBBBA). However, you might find yourself waiting longer for your refund this year. The IRS expects a significant backlog, with 27% fewer employees by 2026 compared to last year. This shortfall […]
New IRS form Schedule 1-A reveals four significant tax deductions for 2025.
Updated March 18, 2026, 10:58 a.m. ET As tax season progresses, millions of people are encountering an important new form, Schedule 1-A, which they need to complete in order to take advantage of new and generous tax breaks on their 2025 federal income tax returns. If you don’t submit this form along with your tax […]
Tax fraud cases increasing as April 15 nears, IRS cautions
With the April 15 tax deadline around the corner, the IRS is cautioning taxpayers about an uptick in scams targeting them. During tax season, individuals naturally expect communications from the IRS about refunds and payments, which scammers exploit. Eric Bronnekant, who directs a tax office, mentioned this trend in a conversation with the Post. According […]
IRS changes to paper checks cause tax refund delays for over 830,000 taxpayers.
Tax Refund Updates: Increased Payments, Paper Check Delays This tax season, many Americans are seeing larger refunds. However, others are facing delays as the IRS shifts away from issuing paper checks. Recently, Democrats from the House Ways and Means Committee reached out to Treasury Secretary and Acting IRS Commissioner Scott Bessent regarding over 830,000 notices […]
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. […]