Other common mistakes can include math errors, especially on tax returns done by hand (as opposed to using online tax software), and incorrectly written Social Security ... a record-breaking nearly 19 ...
An audit occurs when the IRS chooses to review a taxpayer’s accounts and financial information to ensure they reported all required income and followed all tax laws. According to a 2023 report from ...
Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she's still ...
Numbers on tax refunds by income, age, and filing status are available only through tax year 2021 (2022 filing year). Nine out of 10 tax refunds are issued within 21 days, according to the IRS.
And it’s important to remember these changes take effect in the 2025 tax year — they won’t do you much good when it’s time to file your returns this coming spring. Here’s one change nearly all ...