The IRS (Internal Revenue Service) has recently issued a critical warning to taxpayers about a surge in social media scams promising access to a so-called Self-Employed Tax Credit. As scammers become more sophisticated, they are using these platforms to impersonate the IRS and dupe taxpayers into providing sensitive personal information. But does the Self-Employed Tax … Read more
As 2025 progresses, retirees who turned 73 in 2024 face a critical deadline: April 1, 2025. This date marks the last day to initiate Required Minimum Distributions (RMDs) from certain retirement accounts without incurring substantial penalties. Understanding Required Minimum Distributions (RMDs) RMDs are mandatory annual withdrawals from tax-deferred retirement accounts, ensuring that these funds are eventually … Read more
As the April 15, 2025, tax filing deadline approaches, the Internal Revenue Service (IRS) emphasizes the importance of timely filing to avoid penalties and interest. To assist taxpayers, the Internal Revenue Service offers Free File—a suite of online tools enabling free federal tax preparation and filing. Key Features of IRS Free File IRS Free File … Read more
As of March 2025, thousands of American households are beginning to receive their $2,250 tax refunds, thanks to the Internal Revenue Service (IRS) ramping up the processing and distribution of pending returns. Many taxpayers who submitted their returns in February and early March are now seeing direct deposits hit their accounts, providing much-needed financial relief. … Read more
As the April 15, 2025, tax filing deadline approaches, millions of Americans are eager to know when they’ll receive their IRS tax refund. Whether you’ve already filed or plan to do so soon, understanding the IRS refund schedule for April 2025 can help you better manage your finances. This guide breaks down everything you need to know—from estimated … Read more
The Internal Revenue Service (IRS) has initiated a final round of stimulus payments under the Recovery Rebate Credit for the 2021 tax year. If you missed claiming this credit previously, you may still be eligible for a payment of up to $1,400. It’s essential to act promptly, as the deadline to file your 2021 tax … Read more