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Exclusive???SSA Chief Credits Working Families Tax Cut for???Largest??? Refunds Ever
12+ hour, 58+ min ago (424+ words) In an interview Saturday, Frank Bisignano, the commissioner of the Social Security Administration and CEO of the Internal Revenue Service, credited the Working Families Tax Cut Act with delivering the largest dollar value of refunds ever recorded while increasing revenue....
The IRS Updates the Rules for 'No Tax on Overtime"
2+ day, 18+ hour ago (581+ words) Overtime pay has always come with a catch: Work the extra hours, and taxes take a bigger bite before the money hits your account. However, the One Big Beautiful Bill Act signed into law in July 2025 changed that. Eligible workers…...
IRS Tax Revenue Surged to Record High in FY 2025 While Audit Revenue Dipped 35%
2+ day, 17+ hour ago (511+ words) Fiscal year 2025 was a record-breaking 12 months for U.S. tax revenue, as taxpayers paid the IRS a total of $5.3 trillion, a 13.2% increase from FY 2023 and the most tax revenue ever paid, without adjusting for inflation, according to a recent report from the…...
As 1099 work grows, millions of Americans face a different tax system
3+ day, 17+ hour ago (791+ words) More American workers are earning their income through a 1099 form instead of a W-2. In July 2023, the most recent year the Bureau of Labor Statistics published a full count, 7.4% of the workforce, about 11.9 million people, worked as independent contractors in their…...
Tax Filing Deadline Extended for Hoosiers Affected by August Storms
4+ day, 10+ hour ago (285+ words) INDIANAPOLIS (WRTV) — Hoosiers in 21 Indiana counties affected by severe storms in August will have additional time to file certain tax returns and make eligible tax payments, state and federal officials announced Tuesday. The extension applies to individuals, households and businesses…...
IRS Urges Taxpayers to Get an IP PIN to Help Stop Tax Identity Theft
4+ day, 17+ hour ago (528+ words) The IP PIN program isn’t limited to people who have already experienced tax-related identity theft. Taxpayers can voluntarily opt in to the program, while confirmed victims of tax-related identity theft automatically receive new IP PINs annually. Each IP PIN is…...
Court Rules IRS’s Data Sharing with ICE Violated Law
4+ day, 19+ hour ago (174+ words) “The Trump administration violated federal law when it shared confidential taxpayer information with immigration authorities, an appeals court ruled Tuesday,” the Wall Street Journal reports. “The Internal Revenue Service improperly allowed data transfers based on partial addresses and failed to…...
My Alabama Taxes Offline Through Tuesday for Upgrade
1+ week, 1+ day ago (165+ words) MONTGOMERY, Ala. (WDNews) — Alabamians who use the state’s online tax system will temporarily lose access as the Alabama Department of Revenue completes a scheduled system upgrade. According to the Alabama Department of Revenue, My Alabama Taxes became unavailable at noon…...
Louisiana taxpayers face $17M refund deadline
1+ week, 3+ day ago (381+ words) The statue of former Gov. Huey Long overlooks the Louisiana State Capitol that he built. Pictured here Spring 2023. Louisiana Capitol Huey Long Source: USA TODAY Network USA TODAY Network via Reuters Connect//September 2, 2026// Louisiana taxpayers have until Friday, Sept. 4, to…...
What the New 1099 Reporting Rules Mean
1+ week, 4+ day ago (931+ words) The IRS has updated Forms 1099-NEC, 1099-MISC, and 1099-K for 2026 to separately report information related to tips and qualified overtime compensation. The 2026 tax year brings significant changes to information reporting. The Working Families Tax Cuts or H.R. 1 created new federal income…...