Money Today That Matters Tomorrow
There are several IRS (IRS) tax thresholds that will be changing in 2024. These changes are made to adjust for inflation (where mandated) and to ensure that taxpayers are paying the correct amount of taxes. The following are some of the likely changes that will take place in 2024 to …
Like many tax payers I continue to check the status of my IRS refund payment and face the rather unhelpful status message below that my return is still being processed! After several weeks of checking daily this message gets old, fast. I wrote about the earlier delays with getting my …
Despite the IRS saying they had a much smoother and more efficient tax season (see stats below), like millions of others I am still waiting for my tax return to be processed and see my refund banked. Initially my refund was delayed beyond the standard 21 day processing timeline due …
The shift to remote work has been one of the most significant changes in the workforce accelerated by the COVID-19 pandemic. While remote work offers many benefits, including increased flexibility and improved work-life balance, it also poses several potential tax issues that employees (and employers) need to consider. In this …
Ever had a bad car rental experience where you felt ripped off? Then read on, my friend. Here is a recent example where I felt deceived after an Avis car rental experience. While the unexpected amount on my bill was not that much, the way I found out about the …
As we get into the peak of tax season, many tax payers who filed in the last few weeks are see the following messages as they check the status of their refund processing. It is even more worrying when these messages are still showing 21 days after filing, which is …
Within 48 hours of submitting your electronic tax return, the IRS will notify your Electronic Return Originator (ERO) – which could be your accountant, tax preparer or tax software company – of its acceptance. In the event that your return is rejected, the IRS will inform your ERO of the …
Many tax filers claiming the Child Tax Credit (CTC) this year are surprised to see their refund payment much lower than expected. This is mainly due to the widely claimed tax credit resetting from a pandemic boosted maximum of $3,600 to $2,000 per child in 2022 and 2023. Another reason is that they are not …
Its not uncommon during tax season for tax payers waiting for a delayed refund payment to be surprised that the delay was due to the fact that they never responded to one or more IRS letters mailed to them. IRS letters, or correspondence notices, detail any actions or adjustments the …
With the end of the pandemic food stamp program (SNAP) boost, many single and dual person households are now only getting a measly $23 in monthly benefits! This minimum food stamp amount did not change in the latest SNAP monthly allotment updates for FY2024 published by the USDA. This benefit …
It’s the peak processing time of tax season now that the PATH act (for EITC and ACTC returns) has lifted and most tax filers have gotten the required documents to file their return. You can see the estimated 2023 IRS refund schedule/calendar below for the next 4 months, which I will update on …
It’s tax season and social media is abuzz with tax related information. This includes news related to refund payments, which millions of Americans are anxiously waiting to get. Unfortunately this also creates an environment of false information (fake news!), deceitful ideas, and outright scams around refund payments and getting them …
Millions of tax filers are anxiously waiting for their 2022 tax return to be processed and refund to be paid. So it can be disappointing and stressful to see the following message when checking in regularly at the IRS Refund Status page and see the message, “Your 2022 tax return …
Reviewing their IRS account tax transcript is a technique a lot of folks attempt to use to get an update on their tax return processing and refund status; particularly if they are not getting information (or see no bars) from the standard WMR tool or IRS2Go refund status tracker app. …