Child IRA Accounts Launched

May 29, 2026
The Department of Treasury has announced the activation of the new child IRA accounts also known as "Trump Accounts." These tax-deferred accounts formally launch later this summer...

IRS Reminds Homeowners of Tax Benefits

May 22, 2026
On May 21, 2026, the Internal Revenue Service (IRS) published Tax Tip 2026-42 and reminded taxpayers to review the potential tax benefits available for homeownership. While owning a home can be expensive, certain deductions and credits may help offset some of the costs associated with purchasing and maintaining a residence...

IRS Highlights Tax Tips

May 15, 2026
On May 12, 2026, the Internal Revenue Service (IRS) published IRS Tax Tip 2026-39 which reminded taxpayers to read any mail received from the IRS...

Improve Your Smartphone and Computer Security

May 8, 2026
The Internal Revenue Service (IRS) and its Security Summit partners recognize there are heightened risks to taxpayers due to artificial intelligence (AI). Hackers now have powerful new AI tools that continue to probe your smartphone and computer software to find vulnerable areas. ...

Tax Refunds $43 Billion Higher This Year

May 1, 2026
On April 17, the Internal Revenue Service (IRS) reported that it had issued approximately $296 billion in tax refunds. This is an increase of about 17% compared to the prior year...

Tax Refund Status Checks

April 24, 2026
On April 21, the Internal Revenue Service (IRS) issued IRS Tax Tip 2026-33 reminding taxpayers of the available options to check the status of a tax refund. Most refunds are issued within 21 days of filing a tax return...

IRS Releases New Online Tool

April 17, 2026
As the April 15 tax deadline has come and gone, the Internal Revenue Service (IRS) launched a new online tool to assist with resolving tax debt. While taxpayers are eligible to file an extension for a deadline of October 15, for most taxpayers, the tax balance remains due by April...

Larger Refunds and Last-Minute Filing Tips

April 10, 2026
As the tax deadline approaches on April 15, the Internal Revenue Service (IRS) reports that most of the tax returns filed to date have resulted in a refund. Of those receiving refunds, approximately 80% have been issued within 21 days. As of March 27, approximately 88 million returns have been...

Four Million IRA Accounts for Children

April 3, 2026
On March 31, 2026, the Internal Revenue Service (IRS) announced that more than four million tax-favored accounts for children have been established since newly authorized in 2025...

Top Tax Tips for Successful Filing

March 27, 2026
As the April 15-tax filing deadline is approaching, the Internal Revenue Service (IRS) has published its top tax tips for successful filing. The IRS suggests that taxpayers who file near the deadline may benefit from these steps...

IRS Highlights Tax Season Scams

March 20, 2026
The Internal Revenue Service (IRS) reminded taxpayers to stay alert during filing season which is when scams and misleading tax advice tend to spike...

IRS Releases Updated Withholding Calculator

March 13, 2026
The Internal Revenue Service (IRS) recently announced an update to the IRS Tax Withholding Estimator. This new version helps taxpayers account for recent tax law changes when determining the proper amount of federal income tax to withhold from their paychecks...

Child IRA Accounts Open July 4, 2026

March 6, 2026
The One Big Beautiful Bill Act (OBBBA) added a provision that allows children to have a new type of retirement account...

Tax Refunds Up 14% in Early Filing

February 27, 2026
On February 13, just two weeks into the tax filing season, the Internal Revenue Service (IRS) indicated the average tax refund was $2,476. This amount is 14.2% higher compared to the early filing period last year...

IRS 2026 Tax Filing Reminder of Senior Resources

February 20, 2026
The Internal Revenue Service (IRS) released guidance outlining updates and key resources for seniors during the 2026 tax filing season...

IRS Online Services Available to Avoid Peak Wait Times

February 13, 2026
In IR-2026-24, dated February 13, the Internal Revenue Service (IRS) encouraged taxpayers to use online resources on IRS.gov to avoid long wait times during one of the busiest periods of the filing season. Presidents’ Day week marks the peak of phone support as taxpayers approach the tax filing deadline...

Create an IRS Individual Online Account

February 6, 2026
On February 3, 2026, the Internal Revenue Service (IRS) encouraged taxpayers to create an IRS Individual Online Account...

2026 Tax Filing Season Officially Opens

January 30, 2026
The Internal Revenue Service (IRS) officially opened the 2026 tax filing season on January 26, beginning the acceptance and processing of federal individual income tax returns for the 2025 tax year. The IRS expects approximately 164 million returns to be filed before the April 15, 2026 deadline...

IRS Releases FAQs for Deductible Qualified Overtime Compensation

January 23, 2026
The Internal Revenue Service (IRS) and Treasury Department recently released a Frequently Asked Questions (FAQs) Fact Sheet to help taxpayers understand the new tax deduction for qualified overtime compensation...

Free File Open For Tax Returns

January 16, 2026
The Internal Revenue Service (IRS) announced that the IRS Free File program is now open. Tax returns filed with the IRS Free File Program will be received and held until the filing season is open later in January...