Filing requirements vary based on income, age, and filing status. The IRS provides criteria to help determine if you need to file a return for the 2024 tax year. Here are the general filing requirements for the 2024 tax year: If your filing status is single and you are under 65, you ...
Real Estate Tax Update: IRS ISSUES REVENUE RULING ON REIT INVESTMENTS IN MONEY MARKET FUNDS.The article presents Internal Revenue Service (IRS) ruling on real estate investment trust (REIT) money market fund investments in the U.S. IRS concludes that money market fund shares are cash items ...
"Many frustrated taxpayers may attempt to call the IRS for a status update on their tax refund," Collins wrote. "But as we know, this year it is difficult to get through to the IRS on its toll-free lines." Calls to the IRS' Accounts Management lines — the primary phone contact for ...
The IRS on Friday said that the typical tax refund is about 2.1% higher than a year ago. That means the average taxpayer through February 16 has received about $3,207 from the tax agency, compared with $3,140 at the same time a year earlier. Still, there are seven weeks remaining in...
When does 'Where's My Refund' update?'Where's My Refund' is only updated once per day — usually at night — so there's no need to check your status more often than that. Track your tax refund status To access the "Where's My Refund" tool, you need to enter your Social ...
These are the dates WMR and IRS2Go update with your refund status or payment date (also referred to as PATH Act returns). So expect a similar, albeit improving trend this year. Start of Tax SeasonExpected PATH End DateActual IRS PATH End DateRefund Payments By January 27, 2025 February...
Daily Tax Update: IRS, States Partner To Combat Abusive Tax Avoidance Transactions.Kinney, Jan
Need free tax help? VITA or TCE volunteers could be the answer Wednesday, February 05, 2025 When you just can't with your taxes, check into getting help from a VITA or TCE volunteer. (Photo by Nataliya Vaitkevich) Even simple taxes can be confusing. So it’s a relief when a reputa...
How Long Will It Take for My Amended Tax Return Refund to Be Processed? If you filed an amended return, it may take 10-12 weeks for the IRS to process it. The IRS does not track amended returns on their "Where's My Refund?" tool, but you can check the status using the IRS amend...
TheMinnesotaDepartment of Revenue did not update their tax code to align with the current federal tax code. CPA's in the state predict that this would result in more taxpayers claiming standard deductions on their federal and state returns. ...