Tax filing season (which started Jan. 27) also means refund season for many taxpayers. If you’re entitled to a federal tax refund, know that the IRS issues most refunds in less than 21 days...

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To help you make sure you don’t miss any important 2025 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us...

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Distributions from IRAs before age 59½ are generally subject to income tax and a 10% penalty. But there are exceptions. For example, first-time homebuyers can withdraw $10,000 penalty-free, and adoptive parents can withdraw up...

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Many taxpayers are receiving their Forms W-2. But what if you receive an incorrect Form W-2 from a current or former employer? The IRS advises you first to request a correction from the employer....

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Two commonly misunderstood tax terms are deductions and credits. What’s the difference? Deductions reduce the amount of a taxpayer’s income before tax is calculated. For example, on your individual return, you can take the...

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The IRS and partners in the Coalition Against Scam and Scheme Threats (CASST) have issued several changes for the 2025 filing season designed to help protect taxpayers against scams. One change is stepping up...

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The 2025 tax season kicks off today, Jan. 27, which is the first day the IRS will accept income tax returns. If your address changed in 2024, you can navigate tax filing more smoothly...

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To help encourage more people to save for retirement, the SECURE 2.0 Act requires employers with newly established 401(k) and 403(b) plans to enroll workers automatically, starting in 2025. Recently proposed IRS regulations stipulate...

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Mark your calendars! Jan. 27 is the kickoff to the 2025 tax season. That’s the date the IRS will begin accepting income tax returns. The IRS expects more than 140 million individual tax returns...

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What does it mean if you receive a CP24 notice from the IRS? Don’t panic. It’s probably not bad news. The IRS sends this notice when the amount of tax paid on a taxpayer’s...

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