The IRS Faces the Largest Staff Reduction in Recent History

The IRS Faces the Largest Staff Reduction in Recent History

Recent reports confirm that the US Internal Revenue Service (IRS) is preparing to implement the largest staff reduction in decades. According to internal documents obtained by multiple media outlets, the agency could lose up to 40% of its current workforce, leaving...
IRS Tax Refund Schedule 2025: When to Expect Your Payment

IRS Tax Refund Schedule 2025: When to Expect Your Payment

The IRS has started processing refunds for the 2024 tax year, with most taxpayers receiving their money within 21 days of filing. The average refund amount is approximately $2,825, based on last year’s data. More than 140 million tax returns are expected this season,...
IRS Maintains Interest Rates for the Third Quarter of 2025

IRS Maintains Interest Rates for the Third Quarter of 2025

The United States Internal Revenue Service (IRS) has announced that interest rates for the third quarter of 2025 will remain unchanged. Starting July 1, the rates for overpayments and underpayments will continue at 7% for individuals. The IRS adjusts its interest...