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.
Author: Susan Tompor, Detroit Free Press
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.
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.
IRS says stimulus check mistakes are among reasons for tax refund delays
The IRS backlog of tax returns, paper returns and stimulus-related mistakes from 2021 is slowing down processing this year.
More than half of tax returns already filed, average refund amount up 12% from last year
Average refunds, at $3,263, continue to be up through March 25, according to IRS data. Tax professionals say boosts to some credits are helping.
Sticker shock: Monthly payments on used cars jump to nearly $500. Yes, used cars.
Paying top dollar for bigger, more expensive SUVs and trucks is forcing drivers to hand over more than ever each month to cover their car payments.
New rules for 2021 taxes may mean bigger refund for young workers, retirees with side jobs
The earned income credit applies to some who might not realize it. Those with no qualifying children can get up to $1,502 – nearly triple from 2020.
IRS: $9.5 billion in refunds issued so far, with an average payment of $2,201
IRS delivered refunds to more than 4 million people in the first two weeks. But some direct deposit refunds involve a backlog of 2020 returns.