Category: tax return

How to Put Your Tax Refund to Work for You

April 5, 2022
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If you’re eagerly anticipating a tax refund in the coming weeks, you have good reason to be optimistic: The IRS reports that about 77 percent of tax returns filed last year generated a refund, and the average refund was $2,815. Even though what can feel like a gift from the government is actually a delayed…

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Answers to All Your Burning Tax Filing Questions for 2022

April 4, 2022
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By Madeline Garfinkle Tax Day looks a little different in 2022. With respect to the pandemic and unprecedented events of 2021, this tax season presented changes including new tax rules, deadlines, extensions and refunds. Here’s everything you’ll want to know to minimize mistakes, maximize your refund and file your tax return successfully. What Changes Were…

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Russian Billionaire Tinkov Agrees to Pay $500 Million Over US Tax Charges

October 2, 2021
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MOSCOW—Billionaire Oleg Tinkov, whose online bank is Russia’s second-biggest credit card issuer, pleaded guilty on Friday to filing a false U.S. tax return and agreed to pay $507 million in taxes, interest, and penalties, the U.S. Department of Justice said. He had been accused of concealing $1 billion in assets and income when renouncing his…

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Explainer: How Enhanced Child Tax Credit Will Affect Your Taxes

May 17, 2021
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The Biden administration on Monday announced it would start to distribute advance payments associated with the enhanced child tax credit starting on July 15, with millions of eligible Americans set to receive the money automatically or able to opt out and get it as a lump sum when they file a tax return in 2022….

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