Average tax refund is 11% greater, recent IRS filing data reveals
Tax Refunds Rise This Season The average tax refund this season has increased by 11.1% compared to the same period last year, based on recent data from the IRS. As of April 3rd, the average amount for individual filers reached $3,462, up from $3,116 last year, according to a report from the IRS on Friday. […]
Lawmakers call on the IRS and Treasury to investigate nonprofits connected to the CCP
House Members Call for Investigation into Nonprofits Linked to China Top officials in the House of Representatives are urging the Treasury Department and the Internal Revenue Service to look into U.S. nonprofit organizations that have been reportedly used by the Chinese Communist Party (CCP) to influence elections and political matters in the United States. These […]
Withdrawing from 401(k) to settle IRS debt: fees, taxes, and dangers
Receiving an unexpected tax bill can quickly send anyone into a panic, no matter their financial situation. It’s natural to want to fix financial issues quickly, which is why many turn to their 401(k)s or IRAs as potential lifelines. They often reach out to tax relief companies like TaxRise, desperate to access funds just to […]
JD FOSTER: A Harsh Reality Check is the Only Solution for the Political IRS
When patients display a consistent pattern of psychosis, it often calls for a label. For today’s Democrats, let’s refer to this as “Inconvenient Reality Syndrome” (IRS). Take the recent “No King” demonstrations. While the left asserts that former President Donald Trump exhibits authoritarian tendencies, they conveniently overlook President Joe Biden’s actions that seem to bypass […]
Treasury to Develop Guidance for Churches Following Court Ruling Invalidating IRS Agreement on Political Candidate Endorsement
Judge Dismisses IRS Agreement on Political Endorsements by Churches A federal judge recently overturned an agreement that allowed churches to support political candidates without risking their tax-exempt status. This decision has implications related to the Johnson Amendment, which prohibits such endorsements. The U.S. Treasury Department and the IRS are now looking into providing more guidance […]
Court Dismisses IRS Deal Permitting Churches to Support Candidates
A federal judge has turned down President Donald Trump’s agreement with the Internal Revenue Service (IRS) that would let churches endorse political candidates without risking their tax-exempt status. U.S. District Judge J. Campbell Barker, appointed by Trump, stated he doesn’t have the authority to approve the settlements involving the IRS, two Texas churches, and the […]
IRS staffing has decreased by 27% this year. Here’s what that means for your tax refund.
This year’s tax season brings some changes, notably under the One Big Beautiful Bill Act (OBBBA). However, you might find that your refund takes a bit longer to arrive this time around. The IRS is set to have 27% fewer employees by 2026 compared to last year, which could slow down the processing of around […]
IRS advises certain workers to submit corrected tax filings due to errors in overtime pay calculations
IRS Alerts Employees About Wage Calculation Issues In recent weeks, the IRS has informed several employees that there were errors in how their wages were reported on their tax forms, prompting them to consider filing amended returns. This situation revolves around mistakes with the non-taxable portion of overtime wages. The “One, Big Beautiful Bill Act,” […]
Facing IRS debts? Ways to lower your tax liability through relief programs and payment plans
If you have a stack of unopened letters from the Treasury, it might be time to reconsider your approach. Ignoring them isn’t going to help; in fact, you’re just prolonging the inevitable. Let’s be real: managing finances right now feels like a tight squeeze. Groceries are costing more, and tax season is right around the […]
10 tax errors related to side jobs that can lead to IRS penalties and audits
Understanding Side Hustle Income and Taxes You didn’t jump into starting an Etsy shop or picking up shifts on DoorDash because you crave paperwork, right? Most people, like me, found it necessary as living costs soared. But, oh, that sudden realization in mid-April is a bit unsettling—when you register that the $15,000 you hustled for […]