Tag: IRS

With the deadline for the primary part of the tax season upon us make sure you file in time to avoid penalties or submit a free extension request for an October filing  date - you still need to pay any taxes due. If you have filed you hopefully have gotten your tax refund…

With so many people experiencing high levels of frustration around getting information on their tax refund, I thought I would take consolidate feedback and tips across various forums and post some practical ideas on how to contact the IRS and get a live agent on the line. Note that for…

You filed your return in a timely manner and were waiting for your refund to be sent within the standard timeline that the IRS promises. But alas, it has been much longer than that and you are wondering, "Where is my DAMN refund!" In several recent cases it appears that the IRS…

People are again getting very frustrated with delays they are seeing around getting their federal tax refunds. Despite the IRS saying that 9 out of 10 refunds will be processed in under 21 days, there have been a lot of people who seem to waiting a lot longer than the standard…

On one of my more popular articles answering the question, "Where is my refund? " I got the following representative comments which was the genesis of the title of this post. So I thought I would take some time here to address the obligations of these online tax providers when it…

This article provides a summary of changes and updates to IRS Federal tax rates and brackets. These adjust annually in line with inflation, under the tax code, to provide for mandatory cost of living adjustments (COLA). You can see the latest updates by year below. 2026 Tax Brackets (for 2027…

There has been a lot of publicity of late around electronic security breaches with a focus on tax software related breaches. The majority of people file their taxes electronically and with tax returns containing your most sensitive personal information it is no surprise that hacking or compromised data that leads to…

Tax return processing and refund payments continue to be bumpy this year given IRS budget cuts and introduction of several tax changes under Trump’s One Big Beautiful Bill. With over 160 million returns expected to be filed this tax season, many tax filers can expect processing delays beyond the standard…

A lot of families cannot afford to pay for professional help to get advice on taxes and/or to prepare their tax returns. While simple returns for low income earners can be filed for free with most large online e-File tax providers, those who have complicated financial situations or have moved states…

[Updated with latest details per the IRS] The savers credit helps middle to lower income earners save for retirement by providing a tax credit offset to retirement plan (401k and IRA) contributions. But a lot of people don't know about or take advantage of this little known credit, officially referred to by…

The table below presents the average IRS federal refund payments over recent years, based on official year-end IRS data. These figures may be updated over time as late filings and additional refunds are processed. Refunds are expected to be higher this tax season due to new provisions in Trump's OBBB…

See this article for the latest IRS updates to federal tax brackets and standard deductions. ____________ Below are the 2014 IRS federal tax brackets based on annual inflation adjustments. Given the low inflation environment there were only moderate increases in tax brackets, standard deductions and to the personal exemption. The main changes…

April 15th 2014, or the 2013 tax filing due date, is not that far away. Which means its time to do some serious tax planning so that by year end you maximize your income while minimizing your taxes dues when filing in 2014.  But first, the official rates and tables…