If you're like many people at tax time, you find yourself with drawers full of receipts, statements, and old tax forms, afraid that the IRS will come to get you 20 years from now. But now is the time to start the spring cleanup of your files! Jill Schlesinger of "Jill On Money" offers tips, some surprising, all wise, on what to save and what to shred.
Building off the success of the 2023 tax season that saw significant improvements following passage of the Inflation Reduction Act, the 2024 filing season will continue reflecting the focus on improving services to taxpayers.
Confused about Social Security and IRA benefits under certain life circumstances? Find answers from The Savings Game.
Federal income tax refunds are often the largest single check that some people receive. The safest and quickest way to receive this tax season’s refund is through direct deposit.
The Inflation Reduction Act, signed prior to the midterm elections, shows us some of the new tax focus, but much of the bill will not be implemented for years ahead. Although I majored in economics, I have found no commentary that says this bill will affect inflation in any way.
IRS Tax Tip 2022-183, November 30, 2022 Wading through a pile of statements, receipts, and other financial documents when it's time to prepare a tax return can be frustrating for people who haven't managed their records. By knowing what they need to keep and how long to keep…
Many taxpayers have experienced slower than anticipated IRS tax refund processing speed or time in 2021. If your status shows that your information entered was incorrect when you are certain you have entered the right data, this may be due to these delays, meaning they do not have a record of the…