Retirees on fixed incomes welcome relief from lower gas prices and higher Social Security benefits, as well as prescription drug changes ahead.
Author: Susan Tompor, Detroit Free Press
Tax refunds may be delayed by 6 months or more for some paper filers: Here’s why
It’s a first in, first out process for paper returns. The IRS can’t move on to returns filed in 2022 until they finish processing ones from last year.
Now scammers are impersonating utility companies with caller ID
Consumers who lost $375 to $700 on utility shut-off scams were told by con artists to pay via the money transfer app Zelle, which is like giving cash.
Taxpayers waiting for refunds find little help from IRS’s ‘Where’s My Refund’ tool
Taxpayers who file by paper could face longer delays than expected. Critics say the “Where’s My Refund?” tool at IRS sometimes has few answers.
IRS backlog and drama won’t end at midnight April 18
IRS needs to clear up backlogs to get ready for next tax season. Why some say paper tax returns need a new look to keep things running next year.
IRS reject your e-file return? Zero might be the magic number.
An IRS logjam is hurting some taxpayers who want to file a their 2021 income tax return but their 2020 tax return has not been processed yet.
I Bond hacks on tax returns and more as inflation hits 8.5%
I Bond sales – which hit $3.5 billion in January – keep going strong as inflation rises. Here are some I Bond hacks, including one for tax refunds.
Not ready for the April 18 tax deadline? Here’s how to file an extension.
Regardless of your income, you can go to IRS.gov to use “Free File” to electronically request an automatic six-month extension. No fee is charged.
Tax deduction for charitable donations: Did you donate last year? Here’s what is deductible on taxes.
Did you make a charitable contribution in 2021? Learn about the special tax break for donations made last year on your taxes.
Boom in cryptocurrency, stock market triggers explosion in taxable gains
Tax professionals say clients are shocked by tax bills, after big gains in virtual currency and mutual funds.