Tax season is in full swing, and the IRS expects around 140 million individuals to file by the April 15 deadline, with refunds available as early as 10 to 21 days after processing, and in some cases, refunds may be offset to cover debts such as unpaid federal or state taxes, child support, or student loans.
IRS
Tips to Stay Safe from Scammers in the Age of AI
Scammers are increasingly using AI to create phishing attacks, making it difficult to distinguish between real and fake calls, and it’s important to look for telltale signs, be wary of sudden emergencies, double-check sources, and never keep it a secret if you suspect a scam.
Taxpayers to benefit from IRS program
The IRS has announced that its Direct File program will become a permanent option for federal tax returns starting in the 2025 tax season.
Senate passes bill to increase debt limit, Biden vows to sign immediately
Following successful negotiations between President Joe Biden and House Speaker Kevin McCarthy, and passage in the House, the U.S. Senate voted 63 to 36 to pass the bill.
IRS admits targeting Black taxpayers for audits
A recent study estimated that Black taxpayers are audited at three to five times the rate of non-Black taxpayers.
State, federal tax filing deadline is now July 15 due to COVID-19 fallout
The new deadline of July 15 gives taxpayers three additional months to file taxes for the 2019 year without incurring interest or penalties.
