Income Tax March 27, 2026
When Will I Get My IRS Income Tax Refund? Easy Chart Shows You
Probably 10-14 days after you clicked "submit" on your TurboTax form, or went to H&R Block, your professional CPA or EA or tax preparer clicked "send."
Taxes January 15, 2025
IRS and Treasury Department Float New Rules for Qualified Commercial Clean Vehicle Tax Credit
Under Section 45W of the tax code, the credit may be claimed by purchasing and placing in service qualified commercial clean vehicles, including certain battery electric vehicles, plug-in hybrid EVs, fuel cell EVs, and plug-in hybrid fuel cell EVs.
Taxes January 15, 2025
IRS, Treasury Lay Out Guidance on Clean Fuels Production Credit
Section 45Z of the tax code provides a tax credit for the production of transportation fuels with lifecycle greenhouse gas emissions below certain levels. The credit is in effect in 2025 and is for sustainable aviation fuel and non-SAF transportation fuels.
Taxes January 15, 2025
IRS, Treasury Final Rules Classify Partnership Basis Shifting Transactions as ‘Transactions of Interest’
Last June, the Treasury Department and the IRS proposed new guidance aimed at stopping the use of basis shifting—transactions where an individual or business moves assets to a related party to avoid paying taxes.
Taxes January 14, 2025
IRS and Treasury Department Propose Regs on New Roth Catch-Up Rule, 401(k) Auto Enrollment
The proposed regulations address several SECURE 2.0 Act provisions, including ones aimed at the new Roth IRA catch-up rule and the new automatic enrollment requirement for 401(k) and 403(b) plans.
Taxes January 14, 2025
IRS, Treasury Publish Final Rules for Low-Income Communities Bonus Credit
The Section 48E(h) program expands the 48(e) bonus credit and promotes cost-saving clean energy investments in low-income communities, on Indian land, or as part of affordable housing developments and aims to benefit low-income households.
Taxes January 14, 2025
IRS, Treasury Release Final Rules for Clean Electricity Tax Credits
The Clean Electricity Investment and Production Tax Credits—also known as the "technology-neutral credits"—are intended to encourage more investments in clean energy systems over the next few years.
Taxes January 13, 2025
California Joins IRS By Moving Tax Filing Deadline to Oct. 15 for Los Angeles County Residents
The tax deadline change, permitted under presidential disaster declarations, is similar to those in previous years when flooding or wildfires hindered residents and business owners suffering from property loss or damages.
Taxes January 10, 2025
IRS Postpones Tax Deadlines Until Oct. 15 for Victims of Los Angeles County Wildfires
Currently, only individuals and households that reside or have a business in Los Angeles County qualify for tax relief. However, the same relief will be offered to any counties designated by FEMA in the coming days or weeks.
Taxes January 10, 2025
2025 Filing Season to Start Jan. 27, IRS Says
The IRS expects more than 140 million individual tax returns to be filed ahead of the April 15 federal deadline, with more than half of all tax returns filed this year with the assistance of a tax professional.
Taxes January 9, 2025
2025 Tax Refunds: When Can You Get Your Refund? Date Estimate
Everybody hates the IRS, but many of us love getting a tax refund! Find out when you can expect to get your refund if you file early. Even without a refund loan, you can usually get your refund in 2-3 weeks.
Taxes January 8, 2025
IRS Free File System Opens Jan. 10, Allowing Some to Pre-File Tax Returns
The early availability of the IRS Free File online systems will allow taxpayers to prepare and file their returns before the IRS officially starts accepting them, but they will then be already electronically in line when processing begins.
Taxes January 8, 2025
Taxpayer Advocate: IRS Has Improved Taxpayer Services, But Delays in ERC Claims and Identity Theft Assistance Still a Concern
In her latest annual report to Congress, National Taxpayer Advocate Erin Collins praised the IRS for a much-improved taxpayer experience but also highlighted several ongoing challenges at the tax agency.