The IRS Has Issued a Whopping $145 Billion in Tax Refunds

How IRS Tax Refunds Will Be Impacted by Mass Layoffs
The layoffs, which have been directed by the so-called Department of Government Efficiency (DOGE), led by billionaire and "special government employee" Elon Musk, have sparked concerns among experts who fear that the IRS won't be able to process Americans' tax refunds as quickly as usual this year.
Why IRS upheaval has not slowed tax season
The Internal Revenue Service has been in a state of turmoil ever since members of the Department of Government Efficiency embedded in the agency during tax filing season — aka the IRS’ busiest time of the year.
The IRS Has Issued a Whopping $145 Billion in Tax Refunds so Far
How many tax returns has the IRS processed so far in 2025? On Friday, the IRS released statistics comparing its progress through the sixth week of tax season 2024 (ending March 8,
IRS Issues Tax Deadline Reprieve For Storm Victims
It comes after severe storms brought high winds, flooding, landslides and mudslides to portions of West Virginia in February.
$1 Billion In Refunds Haven't Been Claimed, IRS Says: Here's Who's Eligible
More than 1.1 million Americans are owed a share of over $1 billion in unclaimed tax refunds, but time is running out to collect, the Internal Revenue Service (IRS) has announced. Taxpayers have until Tuesday,
Unclaimed IRS refunds: Over $1 billion awaits taxpayers
The IRS has announced that over $1 billion in tax refunds from the 2021 fiscal year remain unclaimed. With a deadline looming in 2025, eligible taxpayers still have a chance to claim their refunds. Discover who stands to gain the most and why some missed out on their refunds.
Republicans split on spending cuts, Medicaid as they seek path forward on Trump tax cuts
Congressional Republicans, under pressure to move forward on President Donald Trump's tax cut and border security agenda, are ...
Delete’ is one of their favorite terms’: Inside DOGE’s IRS takeover ahead of tax season
The chaos at the Internal Revenue Service began almost immediately after the first envoy from the Department of Government ...
2025 tax season: Experts share top tips to maximize your return
According to a 2024 Bankrate survey, 36% of US adults earn extra income through a side hustle. And with the growth of ...
Texas comptroller on property tax relief, affordable housing, budget surplus
Texas Comptroller Glenn Hegar, the state's chief financial officer, is winding down his time in office after accepting the ...
Karoline Leavitt says tariffs are ‘a tax cut.’ Economists say they aren’t.
Virtually all economists, citing years of data and analysis, characterize tariffs as tax hikes rather than tax cuts.
Most households face a maximum council tax rise for a third year
MOST households face a maximum council tax rise for a third year. Nearly nine in ten authorities in England will ask for an ...
Are IRS Penalties Tax Deductible?
The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...
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Hamill: Tax cuts, opportunity zones and ‘efficiency’
One of the provisions in the 2017 Tax Cuts and Jobs Act, or TCJA, was opportunity zone investments. Investment in an ...
Fringe benefits tax 101: SME exemptions and strategies to reduce liability
Managing fringe benefits and entertainment expenses correctly can save your business money and ensure compliance with tax laws.
Donald Trump Tax Plan Could Give Americans an Extra $24,000 Per Year
U.S. Commerce Secretary Howard Lutnick says the president is looking to eliminate income tax for Americans earning less than ...