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This article originally appeared on GOBankingRates.com: Get a Jump on Your Taxes With These Tips From the IRS for 2023. Show comments. Advertisement. Advertisement. In Other News. Entertainment.
The nation’s tax filing season begins Monday, as the Internal Revenue Service starts accepting and processing 2023 federal tax returns. Taxpayers have until April 15 to file without an extension.
The total number of refunds issued through March 29 is down 3.3% from a similar time last year, according to IRS data. The average refund amount was $3,050 through March 29, up 4.8%. The IRS has ...
The IRS offers a short-term payment plan if you can pay off your tax debt within 180 days. However, interest and penalties will continue to accrue until your balance is fully paid.
IRS location sign at Constitution Avenue, Washington, D.C. The IRS originates from the commissioner of internal revenue, a federal office created in 1862 to assess the nation's first income tax to fund the American Civil War. The temporary measure funded over a fifth of the Union's war expenses before being allowed to expire a decade later.
“The IRS just said it wants $20B more money,” billionaire Elon Musk posted on X, before sharing a poll asking whether the agency should be "deleted" altogether.