Tag: tax season

IRS, Americans Unprepared to Shoulder Burden of New Tax Laws, Republicans Warn

April 10, 2023
$600 tax reporting thresholdAmerican Rescue Plan Actbiden administrationcongressIRSPolicies & ImpactsPoliticsRepublicansTax Daytax seasonUSUS News
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With Tax Day looming just days away, two Republicans on the House Ways and Means Committee are warning that neither the IRS nor the American people are prepared to shoulder the burdens imposed by new reporting requirements. Voicing their concerns in an April 4 letter (pdf) to Government Accountability Office (GAO) Comptroller General Gene Dodaro,…

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Majority of American Taxpayers Are Anxious About Their IRS Refunds

March 2, 2023
Business & Marketseconomic policieseconomyinflationIRSpersonal financePolicies & Impactstax rebatetax seasonUSUS News
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A majority of American taxpayers are anxious about their Internal Revenue Service (IRS) refunds this year, as they expect to see lower amounts. As tax season quickly approaches, millions of American are stressed out about their filings this year, as the economy is in the period of high inflation. At least 69 percent of those…

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Tax Season Begins 2 Weeks Early Due to Virus, IRS Funding

January 11, 2022
beginsBusiness & EconomyDistrict of ColumbiaearlyeconomyIRSLocal NewsRegional-Local Newstax seasonUSUS NewsVirus
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WASHINGTON—This year’s tax filing season will begin on Jan. 24, 17 days earlier than last year, the Internal Revenue Service announced Monday. The IRS is warning that a resurgence of COVID-19 infections on top of less funding authorization from Congress than the Biden administration had requested could make this filing season particularly challenging. “The pandemic…

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