Tax Refunds

Tax Refunds

Americans are worried they’ll get smaller tax refunds this year — unfortunately, they’re onto something

Everyone loves their income tax refund and many people depend on the cash to make ends meet. This year, there’s anxiety mixed with that anticipation, according to a survey released Tuesday. Smaller-sized refunds, potential IRS processing delays and diminished purchasing power due to inflation are the three top concerns of people who are expecting a […]

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Democrats
Tax Fililng
Tax Proposals
Tax Refunds
Taxes

Broken SALT, Child-Credit Pledges Risk Voter Ire for Democrats

(Bloomberg) — Democratic lawmakers are risking the ire of voters inflamed by this year’s tax-filing season, as the stalling of President Joe Biden’s priority economic package leaves them bereft of promised benefits. Embedded in the Build Back Better package were two provisions that Democrats designed so that the effects would be felt immediately by key […]

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Capital Gains Tax
Child Tax Credit
Estate Tax
Gift Tax
Income Tax
Property Tax
Tax Fililng
Tax Refunds

New Year, New Taxes: 2021 Tax Law Changes and Trends That Impact Your Tax Return

The tax year 2021 filing season is here and in the wake of the pandemic, there are different forms of tax relief and provisions that were either extended, expanded, or are new this season. Americans are also faced with a multitude of life changes that all have an impact on their 2021 taxes. For example, […]

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Tax Fililng
Tax Plan
Tax Refunds

‘I’m trying not to work people into a downward spiral’: Why some parents should brace themselves for a lower tax refund in 2022

In 2021, the enhanced Child Tax Credit gave millions of families some financial cushion through monthly payments. In 2022, the same tax credit might take away from the size of many income tax refunds — or even give some unanticipated tax bills — according to tax professionals who are bracing for agitated clients. “There’s going […]

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Tax Refunds
Taxes

More surprise tax refunds will go out by New Year's, the IRS says — can you expect one?

More surprise tax refunds will go out by New Year’s, the IRS says — can you expect one? Since May, the IRS has paid billions in tax refunds to Americans who weren’t expecting money back. Direct deposits and paper checks have gone to millions of people whose tax bills for last year were reduced after […]

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