Posted by 3rfocus Oct - 9 - 2025
WASHINGTON — The Internal Revenue Service today announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2025-32 provides details about these annual adjustments. Notable changes under the One, Big, Beautiful Bill The tax year 2026 adjustments described below generally apply to tax returns filed in 2027. The tax items for tax year 2026 of […]
Posted by 3rfocus Aug - 4 - 2025
Posted by 3rfocus May - 5 - 2025
Tax returns for 2024 were due on April 15, 2025, with exceptions for taxpayers in a disaster area, combat zone or living and working abroad. Taxpayers who couldn’t pay their tax bill by the deadline shouldn’t panic – the IRS is here to help. There are several options to help taxpayers meet their obligations. Help for taxpayers who can’t pay in full The IRS has options available to help those who owe a tax obligation and […]
Posted by 3rfocus Mar - 18 - 2025
Many taxpayers file their federal tax returns and then eagerly anticipate details about their refund. The best way to check the status of a refund is through the Where’s My Refund? tool, the IRS2Go app, or by signing in to the taxpayer’s IRS Online Account. But many people mistakenly think there are better ways to get their refund status. Here are some of the myths about tax refunds. Myth: Calling the IRS, a […]
Posted by 3rfocus Mar - 11 - 2025
IR-2025-30, March 10, 2025 WASHINGTON — The Internal Revenue Service encouraged taxpayers who have yet to prepare and file their tax returns to consider taking advantage of the many free options available – including Direct File, a free, fast and easy way to file directly with the IRS, now available in 25 states. In addition to Direct File, IRS Free File also offers free tax preparation software through its partners […]
Posted by 3rfocus Mar - 6 - 2025
Taxpayers can avoid mistakes and receive a timely refund by preparing to file their tax return ahead of time. Here are a few things taxpayers can do to get ready: Gather records: Good recordkeeping makes preparing a tax return easier. Organized tax records can help taxpayers find overlooked deductions and credits. Start with IRS.gov: IRS.gov is available 24/7, and it’s the fastest way to get help. Millions of people use IRS.gov to […]
Posted by 3rfocus Jan - 23 - 2025
As people prepare to file their 2024 tax return, the IRS reminds taxpayers they can find answers to their tax questions from the comfort of their home using IRS online tools and resources. These IRS.gov tools are easy to use, available 24 hours a day and help taxpayers get ready to file. IRS Free File: Nearly everyone can file their tax return electronically for free. The software does all the work of finding […]
Posted by 3rfocus Nov - 14 - 2024
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Posted by 3rfocus Oct - 16 - 2024
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program. Those who have been affected by a disaster can visit Tax relief in disaster situations on IRS.gov for information on what […]
Posted by 3rfocus Aug - 20 - 2024
The deadline for taxpayers who requested an extension to file is Oct. 15, 2024, and some may choose to hire a tax return preparer. Those who do need to understand how to choose a tax preparer wisely and how to work with them. What to consider when choosing a tax return preparer Taxpayers should keep these things in mind when looking for a tax return preparer. • Make sure the […]