The IRS has finished correcting millions of 2020 tax year returns—a process that resulted in the agency issuing 12 million tax refunds averaging $1,232 each, for a total of about $14.8 billion. The ...

A broad range of tax and information returns for 2019 and 2020 tax years will receive automatic relief from failure-to-file penalties, under Notice 2022-36 released by the IRS Wednesday. The estimated ...

There’s some potential good news for the unknown number of Americans – but potentially millions – waiting for their 2020 unemployment tax refunds from the IRS. The best news would be if all of those ...

The IRS may owe those who didn’t file their 2020 taxes hundreds — even thousands — of dollars, but the deadline to claim that money is fast approaching. Nearly 1 million taxpayers have yet to submit ...

The break is the result of a compromise between Democrats and Republicans. As Americans file their tax returns for 2020 -- a year riddled with job insecurity -- millions who relied on unemployment ...

The Internal Revenue Service updated its frequently asked questions page Wednesday with new and updated information about the exclusion provided under the American Rescue Plan Act of 2021 of up to $10 ...

More than 88,000 California taxpayers have yet to claim their refunds for 2020, and time is running out, the Internal Revenue Service said. The IRS announced Tuesday in a news release that about ...

Who Qualifies for the Recovery Rebate Credit and Stimulus Payments? You qualify for the recovery rebate credit only if the IRS didn’t give you a stimulus payment, or if you received a partial payment.

The state has started to send out $2 billion in property tax relief through the ANCHOR program for the 2020 tax year. About 2 million homeowners and renters are eligible, the state Treasury Department ...