A new tax benefit aimed at older taxpayers promises major savings, with many seniors potentially paying $0 in taxes. Here’s what you need to know. A new tax deduction designed to help seniors with lower incomes is now being proposed in the United States. Known as the “senior bonus,” this tax break aims to relieve … Read more
As natural disasters and charitable causes prompt many Americans to open their wallets, it’s essential to ensure that your donation goes to a legitimate charity. The IRS offers a powerful tool to help you verify whether an organization is truly tax-exempt and eligible for tax-deductible donations. Unfortunately, charity scams are on the rise, especially during … Read more
Refunds authorized by House Bill 112 are rolling out in batches from June through August, promising a timely boost for hundreds of thousands of Georgia taxpayers. Georgia’s record‑large surplus—about $11 billion—has allowed Governor Brian Kemp and the Department of Revenue (DOR) to launch a fresh refund worth up to $500 per filer. Payments labeled “GASTTAXRFD” are already landing in … Read more
Middle‑ and low‑income parents could see up to $2,500 per child by 2028, but homeowners may lose a key clean‑energy break. Congress is pushing a bipartisan bill that would permanently keep the Child Tax Credit (CTC) at $2,000 per child and gradually lift it to $2,500 between 2025 and 2028, then peg future increases to inflation. If it passes, millions of … Read more
Confirmed by the government | IRS begins seizing bank accounts and property from delinquent taxpayersShort on time? Here’s the gist: the tax agency has activated its most aggressive tools against Americans who ignored repeated warnings—meaning frozen funds and seized cars could be next. Americans who skipped their tax bills during the 2025 filing season face … Read more
Splitting up changes more than your relationship status—it can change your bottom line at tax time. Here’s how the IRS says you can avoid costly surprises. The Internal Revenue Service is reminding newly separated or soon‑to‑be‑single filers that a summer divorce will shape every line of the next Form 1040. From choosing the right filing status … Read more
Taxpayers who brush off a last‑chance bill from the Internal Revenue Service risk seeing their house auctioned to cover overdue balances. The IRS is turning up the heat on chronic tax debtors. Under the Internal Revenue Code (IRC), the agency can attach a lien, seize real estate and sell it—sometimes within weeks—if required steps go … Read more
Smishing scammers are posing as the IRS and Social Security Administration, stealing personal data through texts, emails, calls, and even letters. The Social Security Administration (SSA) is urging every beneficiary—and really, anyone who files taxes—to keep their guard up. A surge of slick IRS‑themed scams is sweeping the country, and the agency fears more people … Read more
Staying on top of your tax duties doesn’t just shield you from penalties—it can keep money in your pocket, too. The Internal Revenue Service (IRS) has set June 16, 2025 as the last day for U.S. citizens and resident aliens living abroad to submit 2024 federal returns. The automatic two‑month grace period covers expatriates and active‑duty military … Read more
Millions of Americans who wrapped up their 2024 returns after a hectic spring can finally exhale. The Internal Revenue Service says a new wave of refunds — worth as much as $3,034 — will hit bank accounts no later than June 15, giving households a welcome cushion amid rising prices. If you filed online and chose direct deposit, the money could … Read more
Paper check fans, take note: the Treasury’s looming deadline means tax refunds, Social Security benefits and other federal payments will soon land in bank accounts, not mailboxes. The IRS is encouraging every taxpayer to switch to electronic payments before the September 30, 2025 cutoff, citing faster delivery, lower fraud risk and fewer lost checks. Those who keep … Read more
Withdrawing a large amount of money from your own bank account isn’t a crime, but it sure raises more questions than you might expect. If you need to take out $10,000 in cash, the bank is obligated to keep a record of it and even report it to government agencies. Why does this happen, and … Read more
A significant update has arrived for United States taxpayers looking forward to the 2025 tax refund season. The IRS has announced that eligible workers could receive an average of $2,945, and it may even increase when certain tax credits apply. Many citizens wait all year for tax refund checks to offset expenses or reward themselves … Read more
Millions of older Americans could soon claim a bigger standard deduction, thanks to former president Donald Trump’s “One, Big Beautiful Bill,” now working its way through Capitol Hill. The measure would give low‑ and middle‑income seniors an extra $4,000 write‑off, trimming their taxable income just when inflation has squeezed every grocery and pharmacy run. If approved, … Read more
Extension filers who banked on extra time just learned the IRS clock kept ticking. Nearly one million Americans who skipped their 2021 tax return were still entitled to the $1,400 Recovery Rebate Credit, but the three-year refund rule made April 15, 2025, the absolute cutoff—no matter how much wiggle room an extension seemed to promise. … Read more
Find out the estimated deadlines and how to track the status of your refund according to the IRS Tax Refund Schedule 2025. Will you get your money soon? The IRS began processing returns for the 2024 tax year on January 27, 2025, promising a general timeframe of about 21 days for electronic filers who use … Read more
Eligible taxpayers across the United States are set to receive their pending IRS refunds in early June. The average payout stands at around $3,034, which could ease financial burdens for many who filed close to or after this year’s deadline. Some filers remain unsure about when their refunds will arrive, especially if they submitted returns … Read more
Taxpayers with unresolved debts could lose their properties if they fail to act promptly, according to the latest IRS announcement. This stark warning comes with serious legal consequences, including the forced sale of personal residences. The Internal Revenue Service (IRS) has reiterated that ignoring tax liabilities is a grave mistake that could cost you your … Read more
Find out who could lose their money under this Internal Revenue Service (IRS) tax regulation. The United States government has implemented firm guidelines for collecting overdue taxes, and that policy is now drawing attention from everyone with a retirement plan or savings account. This measure, authorized under certain circumstances, can directly affect individuals who have … Read more
The Internal Revenue Service (IRS) is reminding taxpayers about a penalty that applies when bank accounts used for tax payments do not have sufficient funds. This measure is designed to ensure that individuals and businesses meet their obligations responsibly and avoid bounced payments. Why is the IRS focused on insufficient funds now? In recent updates, … Read more