Tax refunds

Taxpayers and clients have scads of wrong ideas about taxes — and they have even more wacky notions about tax refunds.

Time is running out for nearly 940,000 individuals to claim refunds from 2020, with a May 17 deadline approaching for filing the necessary tax returns.

With the final stats from this year's filing in, it seems clear that it was one of the most normal in years.

Taxpayers who filed early this year and reported state tax refunds they received in 2022 as taxable income should consider filing an amended return.

With input from tax influencers, a Keeper report discusses five enduring Tiktok myths about personal finances.

The agency said unexpectedly that it was still deciding whether state rebates to taxpayers were taxable income.

NTA Erin Collins expressed concern Wednesday about continuing delays by the service in processing tax returns filed on paper last year.

The Internal Revenue Service is holding up millions of tax refunds for manual processing and its systems were unable to process many of the quarterly payments that needed to be sent by April 15.

A COVID-wrecked economy has changed the calculus for some financial planners.

An estimated 9 million people haven't yet received Economic Impact Payments provided under the CARES Act.