Tax articles
395 plain-English guides to U.S. federal taxes, newest first.
6 results in Tax News
ClearPilot IRS Direct File Program a Success: Taxpayers Get $90 Million in Refunds
The Internal Revenue Service has just announced on X (formerly Twitter) that it has officially closed down the pilot IRS Direct File program, with over 300,000 taxpayers in 12 states signing up for Di…
The IRS Just Became 1 Billion Dollars Richer
In April, the IRS warned nearly 1 million taxpayers that they may be leaving more than $1 billion on the table because they never filed a 2020 return.
Potential Self-Employed Taxpayer Penalties in 2024
If Americans pay their estimated taxes late, they could be in line for a shocking bill from the IRS this spring. Last October, the IRS increased the self-employed taxpayer penalties for filing late or…
Tax Refunds Disappointing Many in Early 2024
Due to the increasing volume of returns being processed, the IRS has cautioned taxpayers that the average refund amount will likely change in the coming months. However, early data published by the IR…
What Is the Modified Adjusted Gross Income?
The simplest way we can define the Modified Adjusted Gross Income (MAGI for short) is “your AGI plus a few things”. Things are far more complex than that, of course! But this short explanation is the…
How to Find My Tax Return Refund
Not long after you file your federal income tax return, you may find yourself asking one very important question: how do I find my tax return refund?