The IRS just might owe you money from your 2020 tax return — including a 2020 Recovery Rebate Credit — and the unclaimed refund is set to disappear in less than two months. If you didn’t file taxes in 2021 because you didn’t think you qualified, you forgot, or you simply didn’t want to deal with the … Read more
More than $115 billion tax refunds have been issued by the IRS so far this tax season. But if you claimed the child tax credit and you’re still waiting to receive your refund money, there’s a quick way to check the status of your tax return online. This story is part of Taxes 2024, CNET’s coverage of the … Read more
‘Many engaged in tax evasion’: A new IRS plan targets high-income Americans who haven’t done this 1 simple thing in recent years — here’s what you need to know The IRS is cracking down on thousands of high-income Americans who haven’t filed their tax returns for several years — and have managed to dodge accountability … Read more
In the tax filing process, there are few tasks that feel as daunting as talking to a human at the Internal Revenue Service. Taxpayers who contact the IRS continue to experience long wait times, according to the 2023 annual report published by the Taxpayer Advocate Service, an independent organization housed by the IRS. But in … Read more
IRS Direct File will be fully available to all eligible taxpayers in a dozen states on March 12, with a little over a month to go to file your federal tax return. This story is part of Taxes 2024, CNET’s coverage of the best tax software, tax tips and everything else you need to file … Read more
The IRS could owe you money from your 2020 tax return — including an unclaimed 2020 Recovery Rebate Credit — and it’s set to disappear this spring. If you didn’t file your taxes in in 2021 because you didn’t think you qualified, you forgot, or you simply didn’t want to deal with the stress of … Read more
By David Lawder WASHINGTON (Reuters) – The Internal Revenue Service said on Thursday it will go after high-income earners who have failed to file tax returns in 125,000 cases since 2017, resurrecting a non-filer enforcement program that was idled for years by past budget cuts. The IRS said that the $80 billion in funding over … Read more
Nobody wants to be audited by the IRS. This tax season, the IRS said it’s adding staff and technology to “reverse the historic low audit rates” on high-income taxpayers. Filing season can already be a stressful time for many people, with having to navigate countless forms and compile all of the correct information. A looming threat of … Read more
No one likes waiting for and wondering about their tax refund. If you’re hoping that money will burn a hole in your pocket sooner rather than later, the Internal Revenue Service website and app can quickly give you up-to-date information about your refund. Here’s a step-by-step guide to tracking it: 1. Visit the IRS’ tracking … Read more
The 2024 tax season is just three weeks old, having kicked off on Jan. 29, and taxpayers are already getting refund money from the IRS. Taxpayers can normally expect to receive a refund within 21 days if they file electronically and choose direct deposit, the IRS said. But by Feb. 9, almost two weeks into tax filing season, … Read more