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IRS Issues Tax Refund Update: Over $100 Billion Returned to Taxpayers
The Internal Revenue Service (IRS) has announced that it has issued more than $100 billion in tax refunds to taxpayers so far this filing season. A tax refund represents a reimbursement to taxpayers for any excess amount paid in taxes to the federal or state...
Using Your HSA to Cover Expenses for Your Emotional Support Animal
In 2022, the average American spent approximately $12,914 on healthcare, according to data from the Centers for Medicare & Medicaid Services (CMS). A Health Savings Account (HSA) is a valuable tool to help manage and reduce these costs. An HSA is a specialized...
The Cost of Trump’s Tax Cuts Could Bring Major Changes for Taxpayers
A key economic priority for President Trump this year is to extend the provisions of his signature Tax Cuts and Jobs Act (TCJA), a 2017 law that reduced tax rates for most Americans, before they expire at the end of 2025. Now, Republican lawmakers have drafted a...
Republicans May Increase Student Loan Payments
As House Republicans seek to identify spending cuts to finance President Donald Trump's tax reductions, they have proposed measures that could lead to higher federal student loan payments for millions of borrowers. Republican legislators are anticipated to utilize...
The Most Significant Dangers During Tax Filing Season is not an IRS Audit
As tax season kicks off, it is essential to prepare for filing your 2024 tax return and to remain vigilant against scammers who are already active. Do not fall victim to their tactics. Many individuals neglect to safeguard their personal information online, and the...
Attention! Your Tax Return may be Marked for an ’Audit Review’
Many taxpayers are keen to submit their returns in order to receive a refund; however, it is crucial to first collect all necessary tax documents to avoid an audit. It is essential to remember that submitting an incomplete return can alert the Internal Revenue Service...