Tax updates and news from the IRS | Internal Revenue Service
The IRS continues to share updated information for people preparing to file their 2022 tax returns as well as anyone who has previous year tax returns awaiting processing by the IRS. Get critical updates that may affect your tax filing and recent IRS news.
IRS announces sweeping effort to restore fairness to tax system …
IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books.
News releases for current month - Internal Revenue Service
IR-2024-260, Oct. 7, 2024 — The Internal Revenue Service today encouraged taxpayers to file their 2023 tax year federal income tax return on or before the upcoming Tuesday, Oct. 15, 2024, deadline to avoid possible late filing penalties.
IRS makes free tax return program permanent and ... - Associated Press News
May 30, 2024 · WASHINGTON (AP) — The IRS said Thursday it will make permanent the free electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help taxpayers file their returns through the program in 2025.
Backlog of income tax returns is growing, delaying refunds ... - CBS News
May 17, 2021 · The IRS is falling behind in processing millions of income tax returns, potentially delaying refunds for many Americans. According to the Taxpayer Advocate Service, an independent arm of the...
IRS Has Issued $201B in Tax Refunds, With 2024's Filing Season ... - CNET
Apr 15, 2024 · As of April 5, the IRS said it had processed 100.1 million federal income tax returns, down by 0.3% from the 100.3 million it got through this time last year.
2024 tax refunds could be larger than last year due to new ... - CBS News
Jan 29, 2024 · The good news: People could see bigger refunds this year, with some potentially receiving 10% more than a year earlier, according to Mark Steber, chief tax information officer at Jackson Hewitt.
Taxes - The Latest News on Taxes, Tax Deductions, Income Taxes …
Oct 4, 2024 · The latest personal finance news, analysis and insights, covering retirement, how to manage your savings, tax guidance and more.
The I.R.S. had a backlog of 35 million returns by the end of the tax ...
Jul 1, 2021 · The I.R.S. processed 136 million individual income tax returns by the end of the filing season, and issued 96 million refunds totaling about $270 billion. The 35.3 million returns that were...
IRS provides Hurricane Milton relief; May 1 deadline now applies …
Oct 11, 2024 · Reminder about tax return preparation options. Eligible individuals or families can get free help preparing their tax return at Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE) sites. To find the closest free tax help site, use the VITA Locator Tool or call 800-906-9887.