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IRS


10 hours ago

Want to track down your tax refund? Follow these dos and don'ts

If you're trying to figure out when your refund is landing, some steps are a giant waste of time, the IRS says.

cbsnews.com
1 day ago

Is a home equity loan tax deductible?

If you used a home equity loan in 2022 you may be able to deduct the interest you paid on your taxes. Here's how.

cbsnews.com
1 day ago

When are income taxes due in 2023?

The tax deadline is different this year, especially if you live in this state.

cbsnews.com
1 day ago

IRS tax alert: The 2023 tax deadline is extended for most California taxpayers

See if you qualify for an extension now.

cbsnews.com
2 days ago

Increased budget, more staff leading to improved tax hotline response rates, Treasury Secretary says

WASHINGTON, D.C. — The deadline for filing taxes is less than a month away. >>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<wftv.com

3 days ago

Tax refund debate: Is it financially wiser to get a big refund — or nothing?

Refunds are met with glee each spring, but financial pros note that it represents money you've overpaid to the government.

cbsnews.com
3 days ago

How to protect yourself against identity theft this tax season

It's tax season and scams are on the rise. Kurt "CyberGuy" Knutsson explains how to keep your personal information safe from theft when filing income taxes.

foxnews.com

Illinois mother unable to claim son on taxes as government claims he's dead

Illinois resident Eboney McDaniel said her tax filing to the IRS each year gets rejected as the federal government insists her son is dead — even though he is not.

foxnews.com

IRS tax alert: The 2023 tax deadline is extended for most California taxpayers

Most California residents are being offered extra time to file in 2023 by the IRS. See if you qualify for an extension.

cbsnews.com

That time when Willie Nelson made an album just to pay his IRS debt

Willie Nelson owed millions in taxes, so the IRS came up with an idea to help.

Six alarm bells that trigger an IRS audit

Although most taxpayers aren't audited, the IRS has tools at its disposal to catch errors and tax scofflaws.

washingtonpost.com

IRS offers face-to-face tax assistance Saturday in these Florida locations

Events run from 9 a.m. to 4 p.m. on March 11.

Senate confirms Biden IRS nominee as agency announces upgrades

The IRS said it can now scan information from tax returns rather than forcing employees to enter data by hand.

washingtonpost.com

2024 presidential candidates: Who's running, who's out and who to watch

Three Republicans have announced their candidacies for president so far.

cbsnews.com

These bogus "tax hacks" can lead to serious trouble with the IRS

The tax agency is warning not to fall for social media advice to file a fake W2 in the hope of getting a big refund.

cbsnews.com

Inflation boosted the 2023 federal income tax brackets. Here's how your taxes may compare to 2022

The IRS adjusted the 2023 federal income tax brackets higher based on inflation. Here's how your federal taxes may compare to 2022.

cnbc.com

How to do your taxes in 2023 (and get your refund fast)

Here's everything you need to know about filing your federal income taxes in 2023.

cbsnews.com

Here are 3 key things to know before filing your taxes

If you haven't filed your 2022 tax return yet, there are a few key things to know, according to tax experts.

cnbc.com

How to avoid getting ripped off by your tax preparer

A government watchdog warns that tax pros might not do a better job than you can — and some are straight-up fraudsters.

cbsnews.com

How to do your taxes in 2023 (and get a refund fast)

Here's everything you need to know about filing your federal income taxes in 2023.

cbsnews.com

IRS commissioner nomination advances amid debate over $80 billion agency funding

The Senate Finance Committee this week voted to advance Daniel Werfel’s nomination to become IRS commissioner. Here's what to know.

cnbc.com

Seven red flags that your tax preparer is a fraud

A tax preparer who isn't legit may try to “ghost” you, leaving you to handle the IRS on your own.

washingtonpost.com

How long will it take to get your tax refund?

Americans are filing their taxes earlier this year. Here's what to know about the IRS' turnaround time on your refund.

cbsnews.com

Missing tax forms will 'definitely' delay your refund, expert warns. How to know which ones you need

It's important to get organized with tax forms before filing your return to avoid refund delays. Here's how to know which forms you need.

cnbc.com

How to do your taxes in 2023 (and get a refund fast)

Here's everything you need to know about filing your federal income taxes in 2023.

cbsnews.com

IRS announcement: The tax deadline is extended for most California taxpayers in 2023

California storm victims are being offered extra time to file in 2023 by the IRS. See if you qualify for an extension.

cbsnews.com

When are income taxes due in 2023?

The tax deadline is different this year, especially if you live in this state.

cbsnews.com

IRS announcement: The 2023 tax deadline is extended for most California taxpayers

California storm victims are being offered extra time to file in 2023 by the IRS. See if you qualify for an extension.

cbsnews.com

For donors, wartime Ukraine aid creates blurry ethical line

His San Francisco-based organization, which delivered some $59 million in aid to Ukraine since Russia invaded a year ago, decided ultimately not to support volunteer fighters. “You can’t support war fighting, can’t support killing people, even if it’s killing the bad guys," he said. “While I’m sure some of them are carefully lawyered, there’s enormous pressure to provide this support,” he said of nonprofits. Though it has delivered more than a thousand drones, her organization ruled out fundraising for military equipment because it did not fit into the organization’s charitable mission, Chomiak said. ___Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc.

wftv.com

For donors, wartime Ukraine aid creates blurry ethical line

Since Russia invaded Ukraine a year ago, U.S. companies, nonprofits and individuals have responded with donations, including of equipment like bulletproof vests and drones.

How to do your taxes in 2023 (and get a refund fast)

Here's everything you need to know about filing your federal income taxes in 2023.

cbsnews.com

How to access your IRS transcripts for an accurate tax return — and faster refund

Whether you’re filing a simple or complicated tax return, it’s critical to make sure it’s accurate and complete. Here's how IRS transcripts can help.

cnbc.com

Who qualifies for the home office deduction on their taxes?

The answer depends on what type of an employee you were last year, according to Julia Glum, a news editor at Money.

cbsnews.com

IRS announcement: The 2023 tax deadline is extended for most California taxpayers

California storm victims are being offered extra time to file in 2023 by the IRS. See if you qualify for an extension.

cbsnews.com

How to get your 2023 tax refund today (yes, really)

This is how you can get your 2023 tax refund as soon as possible.

cbsnews.com

IRS unveils option allowing online responses to 9 of its notices. 'A step in the right direction,' says tax pro

The IRS has unveiled a new option to respond to certain agency notices online. Here's what filers need to know.

cnbc.com

IRS commissioner nominee to 'ensure that America's highest earners comply with tax laws.' Here are the key takeaways from Senate hearing

Daniel Werfel, President Joe Biden's nominee to lead the IRS, answered questions before the Senate Finance Committee this week. Here's what to know.

cnbc.com

When are income taxes due in 2023?

The tax deadline is different this year, especially if you live in this state.

cbsnews.com

Here's how to get your 2023 tax refund today (yes, really)

This is how you can get your 2023 tax refund as soon as possible.

cbsnews.com

IRS nominee Werfel faces questioning on "thankless' job

He drew praise for being willing to leave a private consulting job to take on the top job at the troubled agency. Sen. Mark Warner, D-Va., called the job “one of the more thankless tasks” in Washington. Werfel, who led Boston Consulting Group’s global public sector practice, would replace Charles Rettig, whose five-year term ended in November. Werfel said he would “absolutely” report to the Senate Finance committee within 60 days of his confirmation on the matter. “The bottom line is what will build trust with the taxpayers,” Werfel said.

wftv.com

The IRS has sent 8 million tax refund checks so far. Here's the average amount.

Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.

cbsnews.com

How to pay 0% capital gains taxes with a six-figure income in 2023

There are higher taxable income thresholds for the 0%, 15% and 20% long-term capital gains brackets for 2023. Here's what to know.

cnbc.com

Federal watchdog report reviewing how well IRS is cracking down on tax scams

WASHINGTON, D.C. — Tax schemes can target your money and your sensitive information, even leaving you in legal trouble. >>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<wftv.com

The IRS has issued nearly 8 million tax refunds. Here’s the average payment

The IRS has issued nearly 8 million tax refunds worth about $15.7 billion, as of Feb. 3. Here's the average payment.

cnbc.com

5 things you should know if you’re filing taxes for the first time

If you grew up watching your parents get stressed around tax season, then you're probably not looking forward to filing yourself for the first time.

IRS nominee faces herculean challenge of modernizing agency

WASHINGTON — (AP) — Even in the best of times, the IRS is the agency Americans love to hate. And he was temporarily put in charge of the IRS in 2013 to clean up a controversy involving allegations that the agency improperly targeted certain groups applying for tax-exempt status. Dan Tangherlini, a former senior official at the Treasury Department and now podcast co-host, says Werfel's experience with past IRS controversies will be an asset as the agency faces continual threats. If confirmed, Werfel will manage the $80 billion infusion of funds to the IRS approved in the Democrats’ flagship climate and healthcare law. Republicans have suggested without evidence that the agency would use the new money to hire an army of tax agents with weapons.

wftv.com

Sharp increase in U.S. teen girls considering suicide, new CDC report says

READ: Asteroid explodes over English ChannelThe new data raises serious questions about what’s being done to address mental health in America, specifically for teenage girls. Lawmakers continue to point to resources as being the major barrier to helping address mental health in the United States. “To reach every student, we need all hands on deck, and that means more mental health professionals,” Democrat from Pennsylvania Sen. Bob Casey said. “Three years of COVID have just had their toll upon the mental health of adolescents and college students,” Louisiana Republican Sen. Bill Cassidy added. It found more than half had recently experienced poor mental health and more than one in five had attempted suicide in the past year.

wftv.com

Biden Administration defends decision to shoot down latest aerial objects

WASHINGTON, D.C. — The Biden Administration says it’s working to recover debris from the latest unidentified objects found in America’s airspace. >>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<wftv.com

IRS changed its tax brackets for 2023. Here's what it means for your taxes.

Taxpayers could save on taxes because of a higher standard deduction and more generous thresholds for each bracket.

cbsnews.com

These weren’t $100K jobs before the pandemic, but they are now

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal. Industrial psychologists, information security analysts and biochemists weren’t six-figure jobs nationally before the pandemic. Those gains came as salaries soared since the economic recovery ramped up after the initial shockwaves of the pandemic, with a tight labor market and elevated turnover rates fueling significant raises and bonuses throughout much of 2021 and 2022. Click here to read the full story on the Orlando Business Journal’s website. VIDEO: Space Florida working to bring more aerospace jobs to the state Florida is expected to see more than 80 rocket launches before the end of the year.

wftv.com

What to know about this $170M project set to break ground near Disney World

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal. A developer is preparing to break ground on a $170 million, mixed-use project with a variety of vacation home offerings and a commercial component in Osceola County’s Four Corners area near Disney. Why this matters: Large mixed-use projects such as Visions Orlando can have a catalytic effect on their surrounding areas, attracting further development and investment, especially given its proximity to Orlando’s tourist corridor. Meanwhile, the four-phase project will offer opportunities for contractors, workers and suppliers during its construction. Click here to read the full story on the Orlando Business Journal’s website.

wftv.com

The IRS now says most state relief checks last year are not subject to federal taxes

A week after telling payment recipients to delay filing returns, the agency won't challenge the taxability of payments related to general welfare and disaster.

npr.org

IRS provides '11th hour' guidance on state relief checks

The Internal Revenue Service announced Friday that it will not impose any federal taxes on most relief checks issued by states last year.

foxnews.com

IRS won't tax most relief payments made by states last year

The IRS announced Friday that most relief checks issued by states last year aren’t subject to federal taxes, providing 11th hour guidance as tax returns start to pour in. A week after telling payment recipients to delay filing returns, the IRS said it won’t challenge the taxability of payments related to general welfare and disaster, meaning taxpayers who received those checks won’t have to pay federal taxes on those payments. All told, the IRS said special payments were made by 21 states in 2022. “The IRS appreciates the patience of taxpayers, tax professionals, software companies and state tax administrators as the IRS and Treasury worked to resolve this unique and complex situation,” the IRS said Friday evening in a statement. That also applies to supplementary energy relief payments in Alaska that were in addition to the annual Permanent Fund Dividend, the IRS said.

wftv.com

IRS won't tax most relief payments made by states last year

The IRS says most relief checks issued by states last year won't be subject to federal taxes, providing late guidance as taxpayers have begun filing returns.

IRS offers face-to-face help on some Saturdays throughout tax season

It’s tax season and the Internal Revenue Service is offering people a chance to get face-to-face tax help on some upcoming Saturdays.

Tax season already? Some tips for avoiding stress and scams

Tax season is here again.

House GOP kicks off majority with vote to slash IRS funding

House Republicans have began their tenure in the majority by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS.

EXPLAINER: What's the debate over releasing Trump's taxes?

Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.

Trump's taxes: House OKs bill on IRS audits of presidents

The House has taken action after disclosures the IRS never fully reviewed Donald Trump’s tax returns during his presidency.

IRS mandatory presidential audit policy goes under spotlight

An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny.

Trump tax audits required by IRS were delayed, panel says

A congressional panel says the IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency.

IRS ups standard deductions, tax brackets due to inflation

Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government allows people to shield more of their money from taxation because of persistently high inflation.

Yellen calls for modernized IRS at Maryland field office

Treasury Secretary Janet Yellen is laying out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges.

NOT REAL NEWS: A look at what didn’t happen this week

Social media users shared a range of false claims this week.

Yellen tells IRS to develop modernization plan in 6 months

Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring.

Biden signs massive climate and health care legislation

President Joe Biden has signed Democrats’ landmark climate change and health care bill.

Congress OKs Dems’ climate, health bill, a Biden triumph

Democrats have pushed their landmark climate and health care bill through Congress, handing an election-year victory to President Joe Biden.

On Tax Day, an extension may be better than rushing a return

Monday is Tax Day, the federal deadline for individual tax filings and payments.

Tax Day laggards: Consider filing for extension if in a rush

Millions of Americans wait until the last minute to file their taxes, and this year is no exception.

IRS warns promises of big tax refunds could lead to an audit

The IRS Criminal Investigations Division reported a staggering $2.19 billion dollars in tax fraud with an 89.4% conviction rate, according to its 2021 annual report.

DEO says 1099-G tax forms are in the mail!

This is the latest edition of the Make Ends Meet newsletter.

5 situations in which pets can be used for tax breaks

For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.

IRS unit gets no funds to enforce sanctions on rich Russians

The IRS criminal investigation arm tasked with tracking down sanctioned Russian oligarchs' property failed to receive an infusion of money in the Ukraine aid package.

IRS offering free walk-in help on taxes at Maitland location

The IRS has set up special hours at its taxpayer assistance center in Maitland with no appointment required.

Quiz: How much do you know about income tax?

You likely know what “income” means, and of course you’re aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?

Highlights of Congress' $1.5 trillion spending package

Congress is racing to pass a mammoth $1.5 trillion legislative package that would fund the government for the rest of the year.

9+ deductions you should be making if you are self-employed

Whether you’re new to owning your own business or a seasoned vet, taxes can be so stressful. It’s easy to overlook things or simply forget an item here and there.

Quiz: How much do you know about the tax basics?

Tax season is officially here, meaning you have the next couple months to get those returns filed! This year’s IRS deadline is April 18.

IRS offering Saturday walk-in help this tax season

The IRS will begin offering limited Saturday walk-in help for taxpayers this tax season.

Traded cryptocurrency in 2021? Here's how to approach taxes

Alternative finance has captured the attention of investors across the U.S. As the 2022 tax season approaches, traders who are new to cryptocurrency taxation will have to contend with the IRS’ rules for reporting on taxable events.

Feds launch website for claiming part 2 of child tax credit

The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due.

Taxpayers face overloaded IRS as filing season opens Monday

U.S. taxpayers, brace yourselves because tax filing season starts Monday and you can expect the task to be more cumbersome than usual this year.

Bicyclist severely injured in crash in Port Orange

A bicyclist was severely injured in a crash in Port Orange on Wednesday night, according to police.

FHP warns Marion County drivers of smoke, fog from area wildfire

The Florida Highway Patrol issued a warning for Marion County drivers Wednesday night regarding wildfire smoke and fog in the area.

Artist lineup announced for EPCOT’s Garden Rocks Concert Series

Walt Disney World announced the artists that are set to perform at the Garden Rocks Concert Series.

Universal mandates COVID-19 vaccine -- or testing -- for all employees

All Universal park employees must be fully vaccinated by Feb. 9.

$25M fraud scheme involving Orlando sisters featured in IRS’ most-shocking cases of 2021

The case of two Orange County women convicted of a four-year multimillion-dollar tax fraud conspiracy was highlighted by the Internal Revenue Service as a one of the most high-profile investigations of 2021.

Giving Tuesday: How these 4 tax break changes for 2021 can enhance contributions

For those who plan on donating to a charitable organization for Giving Tuesday, there could be some opportunities to receive money back when filing taxes next year.

Some September child tax credit payments delayed

Some families are still waiting for their September child tax credit payment from the internal revenue service.

White House, business groups tangle over Biden tax increases

Don't focus on the bottom line.

Flagler County tax business owner under investigation for fraud, theft

Investigators executed a search warrant at Flagler Tax Service on Sept. 3.

Here’s why your child tax credit payment might be late

Another round of child tax credit payments was sent to many American families this week, but some might have been delayed by what the IRS calls a “technical issue.”

EXPLAINER: How cryptocurrency fits into infrastructure bill

What does Bitcoin have to do with roads and bridges.

Senator: Bipartisan infrastructure bill loses IRS provision

A Republican senator who helped negotiate a nearly trillion-dollar bipartisan infrastructure bill says a proposal to strengthen IRS enforcement to raise money to help pay for the bill's spending is officially off the table.

Harris touts child care funding and payments to families

Vice President Kamala Harris is visiting a child care center to highlight the Biden administration’s efforts to expand child care and relieve the financial pressures of parenthood.

Leak of billionaires' tax data draws GOP outcry over privacy

Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.

After years, court hands tax win to Michael Jackson heirs

A U.S. tax court has handed a major victory to the estate of Michael Jackson in a years-long battle.

IRS: 89,600 Floridians may be due a 2017 income tax refund

More than 89,000 Floridians may be due a 2017 income tax refund, according to the IRS.

Everything you need to know about filing a tax extension

If you already anticipate needing some extra time to file your federal tax return, there’s some good news. You can always file for an extension.

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