Think you know when tax season will open and tax refunds will be released? Not so fast, says IRS. A number of sites are posting dates and charts but IRS says they are not yet set for 2018.
Ready to file your tax return? Here are 10 quick facts about the upcoming tax season that you need to know.
With tax season on the way (more info here), you can find the 2015 tax rates here. Remember that these are the rates that you’ll use to file your 2015 tax returns by April 18, 2016 (Tax Day is delayed this year). You’ll use the 2016 tax rates for tax planning in 2016 and to file…
One month into tax season, the Internal Revenue Service (IRS) is reporting that nearly 40 million tax refunds worth $125 billion have been issued. The average refund per taxpayer is $3,120. Those statistics are roughly equal to 2014 numbers. At this time last year, IRS had received 49,558,000 returns, just a little under the 49,651,000…
With a week to go before tax season opens, taxpayers were already bracing for a potentially “miserable” filing season. It turns out that it could live up to the hype. Internal Revenue Service (IRS) Commissioner Koskinen has advised employees that the budget cuts will result in reduced services to taxpayers. In an email to employees…
The Internal Revenue Service (IRS) has finally announced the 2015 filing season start date. And surprise! There’s no delay. Tax season for paper and electronically filed returns will open on January 20, 2015. That’s 11 days sooner than last year’s start date and 10 days sooner than the 2013 start date (though the 2012 season…
(Update: The President signed the Extenders bill last night. H/T Ashlea Ebeling) With tax season just around the corner, there’s good news and there’s bad news for taxpayers. I’ll give you the good news first. Despite Congress waiting until the last possible minute (and then some) to pass the tax extenders bill, Internal Revenue Service…
Earlier this week, a panicked reader shot me the link to an article with this headline: 2014 Federal Tax Refunds To Be Delayed Until October 15. I glanced at the article on my phone and fired off a quick inquiry to the media department at Internal Revenue Service (IRS) questioning whether it was true. A…
Only one week into the official tax season, the IRS has received 27.3 million returns – about 20% of the returns they expect to process for the entire tax season.
Tax filings for 2014 have outpaced filings for the same time last year, but visits to the IRS Web site are down.