News

April 15 is the drop-dead date for filing a 2021 federal income tax return, if you haven't done so. The IRS says many are owed $781 or even more.
For tax years 2021 and 2020, the latest to receive such IRS estimates, the projected gross "tax gap" soared to $688 billion and $601 billion, respectively. That is a significant jump from the past.
Over 1.1 million people have unclaimed federal income tax refunds from 2021, which are in jeopardy of becoming government property if not claimed soon, with a median return of $781 and potential ...
Tax credits could be valuable for 2021 filers Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit, the IRS said. For 2021, the EITC was worth as much as $6,728 ...