Davidson News

Davidson News

Making the Most of Your Tax Refund: 7 Smart Strategies for Californians

Making the Most of Your Tax Refund: 7 Smart Strategies for Californians

Tax season often brings a mix of emotions, but one thing many Californians look forward to is the possibility of a tax refund. Whether it’s a check in the mail or a direct deposit, receiving extra money from Uncle Sam can feel like a small windfall. However, instead of splurging on fleeting pleasures, it’s worth … Read more

Idahoans Urged to Claim $4.4M in Unclaimed Tax Refunds Before Deadline

Idahoans Urged to Claim $4.4M in Unclaimed Tax Refunds Before Deadline

Idaho residents have until May 17 to seize their share of $4.4 million in unclaimed tax refunds, as announced by the IRS. With approximately 4,500 Idahoans yet to file their 2020 federal tax returns, each person stands to reclaim an average refund of $761. Under federal law, taxpayers have a three-year window to file and … Read more

Texans Among Thousands with Unclaimed Tax Refunds as IRS Deadline Approaches

Texans Among Thousands with Unclaimed Tax Refunds as IRS Deadline Approaches

As the tax season unfolds, the Internal Revenue Service (IRS) is sending out a clarion call to Americans: check your records for potential unclaimed refunds before it’s too late. With a looming deadline of May 17, 2024, taxpayers across the nation, including thousands in Texas, have an opportunity to claim their share of over $1 … Read more

Over $1 Billion in Unclaimed 2020 Tax Refunds Remain, IRS Urges Taxpayers to Act

Over $1 Billion in Unclaimed 2020 Tax Refunds Remain, IRS Urges Taxpayers to Act

The Internal Revenue Service (IRS) reports that over $1 billion in tax refunds from the 2020 tax year remain unclaimed, urging taxpayers to take action before the extended deadline of May 17. Across the United States, an estimated 940,000 individuals have yet to file their 2020 tax returns, with over 10,000 people in Nevada alone … Read more

Michigan Taxpayers Urged to Claim $38 Million in Unclaimed 2020 Refunds

Michigan Taxpayers Urged to Claim $38 Million in Unclaimed 2020 Refunds

Michigan residents are being urged to check their records and file their 2020 tax returns if they haven’t already done so, as the Internal Revenue Service (IRS) announces that approximately 35,000 individuals in the state are owed refunds totaling $38,274,800. The average refund amount for Michiganders stands at $976, with a median refund of $932. … Read more

Rhode Island Taxpayers Urged to Claim $3M in IRS Refunds Before May 17 Deadline

Rhode Island Taxpayers Urged to Claim $3M in IRS Refunds Before May 17 Deadline

Rhode Island residents who have yet to file their 2020 tax returns are being urged to do so before May 17 to claim approximately $3 million in owed tax refunds. The Internal Revenue Service (IRS) has highlighted that failing to file before this date will result in the refunds reverting to the U.S. Treasury. Around … Read more

Idaho Tax Commission Urges Prompt Response to Identity Verification Letters

Idaho Tax Commission Urges Prompt Response to Identity Verification Letters

The Idaho State Tax Commission is urging taxpayers to promptly respond to identity verification letters to protect their tax refunds and prevent fraud. Last year alone, the commission thwarted nearly $30.1 million in fraudulent income tax refunds by sending out over 2,400 identity verification letters. Chairman Jeff McCray emphasized the importance of taxpayer cooperation, stating, … Read more

IRS Announces Refund Dates for 2024 EITC and ACTC Filers

Taxpayers eagerly awaiting their tax refunds after filing for Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) benefits in the 2024 tax season can now mark their calendars. The IRS has officially announced the refund dates for these filers, shedding light on when individuals can expect their much-anticipated refunds. According to IRS … Read more

2024 Tax Season: Discover the Average IRS Refund Amount

Average Tax Refunds Surge in 2024 Tax Season Factors Behind the Increase in Average Tax Refunds According to CBS News, amidst the ongoing challenges of inflation, there’s a glimmer of relief for many Americans as they receive their tax refunds for the 2024 tax season. Recent data from the IRS reveals that the average tax … Read more

California Homeowners Can Boost Tax Refunds with Green Energy Investments

California homeowners who made energy-efficient upgrades to their homes in 2023 stand to benefit from significant tax refunds this year. The Inflation Reduction Act of 2022 has expanded tax credits for energy-efficient home improvements, eliminating lifetime limits and offering lucrative incentives for greener living. Under the revised legislation, homeowners can claim two primary tax credits: … Read more