When a taxpayer should file an amended federal tax return

When a taxpayer realizes that their federal tax return has a math error, missing income, or other mistake, they should file an amended tax return. A taxpayer must file an amended return if they need to correct: Filing status. Income. Deductions. Credits. Tax liability. Math Errors and Missing Schedules Taxpayers [...]

By |2024-04-28T15:33:28-08:00April 30th, 2024|Finance|Comments Off on When a taxpayer should file an amended federal tax return

Filing federal tax return if not required could get you a refund

Some people choose not to file a tax return because they aren't legally required to file, but they could be missing out on refundable tax credits or an income tax refund, according to a news release. This could apply to someone if they: Have had federal income tax withheld from [...]

By |2024-04-20T11:35:23-08:00April 23rd, 2024|Finance|Comments Off on Filing federal tax return if not required could get you a refund

Budgeting survey + cities with best & worst budgeters in 2024

Around 69% of Americans with a budget cite increasing costs as the biggest challenge they currently face when trying to stick to a budget, according to a 2024 Budgeting Survey To determine where the best budgeters live, the survey compared more than 180 cities across 12 key metrics, ranging from [...]

By |2024-04-17T10:53:35-08:00April 18th, 2024|Finance|Comments Off on Budgeting survey + cities with best & worst budgeters in 2024

Options for taxpayers who need help paying a tax bill

Taxpayers who can't pay their tax bill by the April 15, 2024, deadline shouldn't panic – the IRS is here to help. There are several options to help taxpayers meet their obligations. Taxpayers need to file their tax return or request an extension of time to file at IRS.gov/extension by the [...]

By |2024-04-13T12:02:29-08:00April 16th, 2024|Finance|Comments Off on Options for taxpayers who need help paying a tax bill

Families can save money with free tax filing options

Taxpayers with families who want to file free federal tax returns have several options that offer online tax preparation, electronic filing, and direct deposit of refunds for free. IRS Direct File Eligible taxpayers can 2023 federal tax returns online, for free, directly with the IRS for the first time, according to [...]

By |2024-04-06T10:27:17-08:00April 9th, 2024|Finance|Comments Off on Families can save money with free tax filing options

‘Where’s My Refund’ tool tracks status of federal tax return

Taxpayers can check the status of their refund easily and conveniently with the IRS Where's My Refund tool at IRS.gov/refunds. Refund status is available within 24 hours after the taxpayer e-filed their current year's return. The tool also gives the taxpayer a personalized refund date after the IRS processes the return [...]

By |2024-03-30T10:27:39-08:00April 2nd, 2024|Finance|Comments Off on ‘Where’s My Refund’ tool tracks status of federal tax return

Financial insecurity at high; anxiety on economy, recession recede

Americans have a rosier view of the direction of the U.S. economy, and yet, their feelings of financial insecurity have hit a record high. This is among the topline findings from Northwestern Mutual's newly released 2024 Planning & Progress Study, the company's proprietary research series that explores Americans' attitudes, behaviors, and [...]

By |2024-03-27T10:59:43-08:00March 28th, 2024|Finance|Comments Off on Financial insecurity at high; anxiety on economy, recession recede

All taxpayers have the right to quality service from the IRS

The Taxpayer Bill of Rights defines 10 fundamental rights of every taxpayer. One of these rights is the right to quality service. Let's take a closer look at the right to quality service and what it means for taxpayers. Right to Quality Service Taxpayers have the right to: Receive prompt, [...]

By |2024-03-23T11:04:36-08:00March 26th, 2024|Finance|Comments Off on All taxpayers have the right to quality service from the IRS

Here’s 2024’s most & least innovative states

With the U.S. ranking third out of 132 countries in the latest Global Innovation Index, a new report on 2024’s Most & Least Innovative States offers insight. To give credit to the states that have contributed the most to America’s innovative success, WalletHub compared the 50 states and the District [...]

By |2024-03-20T11:35:46-08:00March 21st, 2024|Finance|Comments Off on Here’s 2024’s most & least innovative states

Auto dealers: register to get advance payments of Clean Vehicle Tax Credit

To submit time-of-sale reports and receive advance payments of the Clean Vehicle Tax Credit, auto dealers, and sellers must register their business with IRS Energy Credits Online. Dealers and sellers must use this tool to submit all time-of-sale reports for vehicles placed in service in 2024 and future years, according [...]

By |2024-03-16T10:19:15-08:00March 19th, 2024|Finance|Comments Off on Auto dealers: register to get advance payments of Clean Vehicle Tax Credit

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