[ad_1] Bill Oxford | E+ | Getty Images If you’re banking on a tax refund, it may be “somewhat lower” than last year’s payment, according to the IRS. Typically, you…
Tag: Government taxation and revenue
Why the $7,500 EV tax credit may be tougher to get starting in March
[ad_1] Maskot | Maskot | Getty Images Getting a $7,500 tax break for the purchase of a new electric vehicle will likely get harder in a few months — meaning…
Oscar-nominated ‘Everything Everywhere All At Once’ features an IRS ordeal, but here’s what really happens in an audit, according to tax pros
[ad_1] Michelle Yeoh in “Everything Everywhere All at Once.” Source: imdb Tax audits are rare Tax audits have been a hot-button political issue since the Inflation Reduction Act, passed in…
These are the key tax forms you need to file your return — and when to expect them
[ad_1] If you’re expecting a refund this season, it’s critical to file a complete and accurate tax return to avoid “extensive processing” and delays, according to the IRS. One of…
Tax filing season has kicked off. Here’s how to get a faster refund
[ad_1] Drakula & Co. | Moment | Getty Images How soon to expect a tax refund after filing your return Typically, you will receive a refund within 21 days if…
Tax season starts with boosted IRS workforce, new technology as agency begins to deploy $80 billion in funding
[ad_1] kate_sept2004 | E+ | Getty Images Tax season kicked off for individual filers Monday with a bigger IRS customer service team and enhanced technology as the agency begins to…
Roth IRA conversion taxes may be trickier than you expect. Here’s what to know before filing — or converting funds in 2023
[ad_1] If you made a Roth individual retirement account conversion in 2022, you may have a more complicated tax return this season, experts say. The strategy, which transfers pretax or…
Over 200 millionaires urge Davos elite to up taxes on the ultra-rich
[ad_1] Over 200 millionaires are urging the elite echelons in attendance at this week’s World Economic Forum in Davos to “tackle extreme wealth” and “tax the ultra-rich” to help relieve…
There’s still time to avoid a penalty for fourth-quarter estimated taxes — but the clock is ticking
[ad_1] Constantine Johnny | Moment | Getty Images There’s still time to avoid a penalty if you didn’t pay enough taxes in 2022 — but the clock is ticking. If…
Despite falling inflation, nearly one-third of Americans will rely on tax refunds, survey finds. Here’s how to get your refund faster
[ad_1] Bill Oxford | E+ | Getty Images Despite falling inflation, many Americans are still struggling financially and will need their annual tax refund to help cover the basics. Some…