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Tax Refund

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IRS Sending Out Billions In Tax Refunds: Here's When Yours Will Arrive IRS Sending Out Billions In Tax Refunds: Here's When Yours Will Arrive
IRS Sending Out Billions In Tax Refunds: Here's When Yours Will Arrive Tax Day is behind us. Now comes the only thing better—refund season. The IRS is churning through millions of returns, and for many, that long-awaited deposit could land any day now. For weeks, federal officials have been processing millions of tax returns, and many taxpayers can expect to receive their refunds in the coming weeks as the calendar turns to June.  "The Internal Revenue Service encourages taxpayers living and working abroad to file their 2024 federal income tax return and pay any tax due by Monday, June 16, 2025," officials said. Since June 15 falls on a Sunday in 2025, …

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by Zak Failla
News
Did You Miss Tax Day Filing Deadline? Here's What IRS Wants You To Know Did You Miss Tax Day Filing Deadline? Here's What IRS Wants You To Know
Did You Miss Tax Day Filing Deadline? Here's What IRS Wants You To Know Miss the Tax Day deadline? The IRS says you need to file now to avoid steeper penalties and growing interest. Even if you can’t afford to pay your full tax bill now, the IRS recommends filing anyway. The penalty for failing to file is typically much higher than the penalty for failing to pay. Paying what you can now can help minimize the total amount due. File Now, Pay What You Can If you owe taxes and didn’t request an extension, interest and penalties began accruing as of April 16. The IRS offers multiple secure payment options through IRS.gov, including: IRS Direct Pay Electronic Fede…

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by Joe Lombardi
News
$1 Billion In Refunds Haven't Been Claimed, IRS Says: Here's Who's Eligible $1 Billion In Refunds Haven't Been Claimed, IRS Says: Here's Who's Eligible
$1 Billion In Refunds Haven't Been Claimed, IRS Says: Here's Who's Eligible More than 1.1 million Americans are owed a share of over $1 billion in unclaimed tax refunds, but time is running out to collect, the Internal Revenue Service (IRS) has announced. Taxpayers have until Tuesday, April 15, to file their returns and claim their refunds before the money is forfeited to the US Treasury. The IRS estimates that the median refund is $781, meaning half of the refunds are higher and half are lower. Who’s Eligible? Many of those who haven't filed may be due more than just their refund. The IRS warns that low- and moderate-income taxpayers could also be missing out on …

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by Joe Lombardi
News
Can IRS Layoffs Affect Your Tax Refund? Here's What To Know Can IRS Layoffs Affect Your Tax Refund? Here's What To Know
Can IRS Layoffs Affect Your Tax Refund? Here's What To Know With layoffs affecting as many as 6,000 Internal Revenue Service (IRS) workers reportedly underway, anxiety has heightened for Americans eager to receive refunds near the midway point of tax filing season. Approximately 140 million returns are expected to be filed by the Tuesday, April 15 deadline. Last year, around two-thirds of taxpayers received refunds, averaging about $3,100, according to IRS data. The IRS opened the 2025 tax filing season on Monday, Jan. 27.  For many households, a tax refund can be the largest annual payment they receive all year, and it's often used to pay off…

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by Joe Lombardi