[ad_1] Expert on maximizing your tax refund – CBS News Watch CBS News As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans … Read more
[ad_1] Talking Taxes: Deadlines, bills and refunds Talking Taxes: Deadlines, bills and refunds 07:19 With many Americans still feeling squeezed by inflation, there’s some good news now landing in their bank accounts, with the IRS sending average tax refunds that are bigger than a year ago. The typical tax refund through February 23 stands at … Read more
[ad_1] Many Americans got a shock last year when the expiration of pandemic-era federal benefits resulted in their receiving a smaller tax refund check. That unwelcome surprise raises the question of what taxpayers can expect this year. The good news: People could see bigger refunds this year, with some potentially receiving 10% more than a year … Read more
[ad_1] The IRS is eager to track down 1.5 million Americans who are owed a combined $1.5 billion in tax refunds, and the clock is ticking — they only have until July 17 to claim their money. The unclaimed refunds stem from taxpayers who didn’t file a federal return for tax year 2019. Taxes for … Read more
[ad_1] About 7 in 10 taxpayers this year are getting refunds from the IRS, with the typical check nearing $2,900 per filer. For the millions who wait until the last minute to file their returns, a pressing question is how long will it take to get that money in hand. So far, the tax season … Read more
[ad_1] Americans are getting a double-dose of bad news this tax season: Millions of people due for tax refunds this year are typically getting less money back, while the share of taxpayers who owe the IRS is rising. The biggest issues this year are “refund disappointment and a balance-due surprise,” Mark Steber, chief tax information … Read more
[ad_1] Taxpayers who haven’t filed their returns in a few years still have time to claim any refunds the government owes them — but that window is closing, the Internal Revenue Service said Wednesday. Americans have left nearly $1.5 billion in refunds on the table for the 2019 tax year, the IRS estimates, with a … Read more
[ad_1] The average refund amount so far this tax season has been just under $3,000 — about 10% lower than a year ago, according to the IRS. The dip in refunds and the end of certain pandemic-era relief policies is putting a squeeze on many. Matt and Heather Mohalski own a custard store near Atlanta, … Read more
[ad_1] Peak tax season comes with an increase in scammers hoping to dupe people out of their money. In recent years, more than 75,000 Americans have lost $28 million in IRS imposter scams, according to the Federal Trade Commission. Amy Nofziger, a fraud expert for AARP, says people should be on the lookout for these scams, … Read more
[ad_1] If inflation has eaten away at your budget the way waves erode a beach, then your tax refund might just provide a much-needed protective barrier. As of March, prices are up 6% over the past 12 months, according to the most recent consumer price index. At the same time, just over half of filers … Read more