Tax updates and news from the IRS | Internal Revenue Service
The IRS continues to share updated information for people preparing to file their 2022 tax returns as well as anyone who has previous year tax returns awaiting processing by the IRS. Taxpayers face a number of issues due to critical tax law changes that took place in 2022 and ongoing challenges related to the pandemic.
How soon can you file your 2024 income-tax return? Here's your 2025 tax ...
17 hours ago · The federal tax collector typically begins accepting and processing tax returns for the prior calendar year in late January, though it hasn't yet announced when it will start handling returns for ...
Prepare to file in 2025: Get Ready for tax season with key updates ...
IR-2024-311, Dec. 19, 2024 — With the 2025 filing season quickly approaching, the Internal Revenue Service encouraged taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next year.
News releases for current month - Internal Revenue Service
IR-2024-311, Dec. 19, 2024 — With the 2025 filing season quickly approaching, the Internal Revenue Service encouraged taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next year.
2024 tax refunds could be larger than last year due to new ... - CBS News
Jan 29, 2024 · The good news: People could see bigger refunds this year, with some potentially receiving 10% more than a year earlier, according to Mark Steber, chief tax information officer at Jackson Hewitt....
IRS makes free tax return program permanent and ... - Associated Press News
May 31, 2024 · WASHINGTON (AP) — The IRS said Thursday it will make permanent the free electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help taxpayers file their returns through the program in 2025.
IRS recovers $4.7 billion in back taxes and ... - Associated Press News
Dec 12, 2024 · WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes since the nation’s tax collector received a massive glut of funding through Democrats’ flagship tax, climate and health law in 2022.
How soon can you file your 2024 income-tax return? Here’s your 2025 tax ...
1 day ago · It’s just about go-time for the 2024 income-tax-return filing season. Photo: Chip Somodevilla/Getty Images January is a big month for the letter R, with resolutions, resets and tax returns ...
The IRS just announced big tax changes for 2025 — here’s what …
Nov 4, 2024 · Single taxpayers can now deduct $15,000, a $400 increase from 2024. Married couples filing jointly get a bump to $30,000, while heads of households can claim $22,500. This increase could mean...
IRS changes tax rules for 2025: Full list of who's impacted and how
Oct 22, 2024 · The Internal Revenue Service (IRS) has released its full list of changing tax rules for 2025, and Americans are likely to see major updates to standard deductions and certain tax credits.