IRS, Tax Refund

IRS Gives Tax Refund Update as Over $100B Returned
According to the latest data from the IRS, $102.253 billion has been refunded to taxpayers so far this filing season, which began on January 27. The amount taxpayers are getting has increased too. The average refund amount has increased from $3,213 in 2024 to $3,453—a boost of $240.
Average tax refunds so far in 2025 are up 7.5% but IRS still receiving fewer early returns
In Michigan, 153 probationary IRS employees represented by the union lost their jobs so far, according to the National Treasury Employees Union. The job cuts hit during this year's tax season.
Where’s my refund? Here’s how to check the status of your IRS tax refund
While the Internal Revenue Service began accepting returns in late January, it still might be too early to expect a refund in your bank account. Luckily, you can track the status of your refund through the IRS’s “Where’s My Refund” tool.
Expecting a Tax Refund? Here's Why You Should Save It, Says This Expert
In a high-yield savings account, you'll also earn interest on your tax refund, even if it's the only financial contribution you make all year. While annual percentage yields vary depending on the bank, you'll still earn more interest than with a traditional savings account that only pays pennies on your balance.
Will IRS firings affect tax refunds? How to track your refund in Michigan
If you have filed your 2024 tax return, here's a look at how you can track your Michigan, IRS refund, and how IRS firings may affect the timing.
TAX SEASON | How to use the IRS 'Where's My Refund?' tool
The IRS issued a reminder this week to taxpayers that agency has a "Where's My Refund?" tool to make the tracking process easy.
How Tax Refunds Can Impact Your Credit Score
Getting a tax refund can be as exciting as it sounds. But can getting this money affect your credit score? The short answer is no. Read More: Here's How Much Your State Collects on Every Type of
Why IRS tax refunds could be more in 2025 with 140 million expected to file by April 15
A new report suggests federal income tax refunds in 2025 could be among the highest in recent years. The report released by Oxford Economics on Monday said that it would be a “favorable” season for taxpayers,
It’s tax prep time. Here’s what you need to know about filing this year.
How all this will affect the processing of tax returns is a matter of speculation, but it seems very unlikely to make the ...
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Yes, You Can Claim Pet Expenses on Your Tax Return in These 4 Situations
Your pet may not have a 9-to-5 job, but they could help lower your tax bill. As an accountant and pet parent of a ...
IRS contractor Charles Littlejohn leaked Trump’s tax returns, but we’re now learning how much damage he really did
With Trump again in the White House, the question is, is there another Charles Littlejohn out there somewhere in the deep ...
Should you use your tax refund to pay off debt?
If you haven’t filed your tax return yet, you can use a tax calculator to estimate your federal refund. Gather paystubs, tax ...
Thinking of not filing your tax return amid IRS cutbacks? Penalties can be costly, experts say
As of Feb. 14, the IRS had received about 5% fewer individual returns compared to about the same point last season, according ...
Maryland lawmakers pitch tax on business services to raise about $1 billion
The proposal is the legislature’s opening revenue offer in budget negotiations with Democratic Gov. Wes Moore amid a ...
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What Military and Veteran Households Need to Know for This Year’s Tax Filing and Beyond
April 15 falls on a Tuesday this year, so unlike certain years in the recent past, no combination of weekends or local ...