As the 2025 tax season kicks off, the IRS may start sending letters to taxpayers eligible for the Child Tax Credit and ...

For Lakeba Franklin, tax debt became an overwhelming burden after she took an early withdrawal from her IRA to cover the costs of critical surgery. The IRS imposed penalties, leaving her with a ...

The fake IRS emails and texts announcing tax refunds and credits are already on the way. It’s tax filing season, so beware of ...

A letter sent to Internal Revenue ... However, former IRS Commissioner Charles Rettig, who served under Trump’s first administration, said every facet of the agency’s operations will be ...

Employers, for example ... 2024. The IRS issued 3.23 million refunds in the first week of the 2025 tax season, and that's up 23.5%. At the same time, the IRS data showed that 3.285 million ...

While the average refund size is up so far compared with the same time last year, the total number of tax returns received and processed by the IRS is down. The IRS noted that large percentage ...

Despite processing less tax returns, the IRS has issued a whopping $6.2 billion in tax refunds so far, a 70% increase from the $3.6 billion in refunds issued in the first week of 2024 tax season.

As tax season unfolds in the United States, many taxpayers eagerly await their refunds. However, a specific IRS notification ...

Nearly 11.73 million returns were processed in the first week ... weeks," the IRS said in a footnote with the filing season statistics posted Friday. Employers, for example, have a Jan. 31 ...