The IRS is urging people to beware of ads that promise big money by claiming the employee retention tax credit. This is a real credit that helps businesses that were affected by the pandemic, but scammers are telling people they qualify when they don't. The scammer takes a fee and your personal information. If you're not [...]
Did you know that if there are mistakes on your tax return, it can take longer to get your refund? Worse yet, you may owe additional tax. One common mistake is not choosing the right filing status. You can avoid this mistake by using the IRS' Interactive Tax Assistant on IRS.gov to help you choose the [...]
This article was published by the IRS. With the 2023 tax filing season in full swing, the Internal Revenue Service reminds taxpayers to gather their necessary information and visit IRS.gov for updated resources and tools to help with their 2022 tax return. This news release is part of a series called the Tax Time Guide, a [...]
You've filed your tax return and now you're wondering, "When will I get my refund?" First, head over to IRS.gov/refund. That's where you'll find the IRS' "Where's My Refund?" tool. 24 hours after electronically filing your taxes, you can check on the status of your money on the IRS website. You can also access "Where's My [...]
This article was published by the IRS. The amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500 -- up from $20,500 for 2022. The income ranges for determining eligibility to make deductible contributions to traditional IRAs, contribute to Roth IRAs, and claim the Saver's Credit will also all increase for 2023. [...]
