That's largely due to the IRS checking whether tax returns claiming the Earned Income Tax Credit (EITC) actually qualify for the benefit, which can provide a tax credit of up to $7,000 to some families. It's a valuable benefit, but one that can be abused, with one analysisfindingthat...
But this year, some taxpayers are receiving bigger refunds after the IRS adjusted many of its provisions for inflation, pushing the standard deduction and tax brackets about7% higherfor the 2023 tax year, which is the period for which taxpayers are now filing their taxes. Workers whose pay did...
Cryptocurrency buyers: Here's what to know for tax season Tax refunds can seem like a windfall, but it really means that you've missed out on putting that money to use in the proceeding year, Schulz noted. "With anything with money, there is the math side of it, and then there's ...
EXCLUSIVE: In his first interview, CBS News sat down with the IRS agent who is blowing the whistle on what he says was preferential treatment during a federal investigation that CBS has learned is tied to the president’s son, Hunter Biden, for possible tax crimes.pic.twitter.com/CUVjVVNsh...