HMRC, the UK’s tax authority, recently addressed concerns regarding changes in tax codes and their implications for state pension payments, prompted by inquiries from pensioners. The issue arose when a pensioner, upon becoming eligible for their state pension, noticed a modification in their tax code and expressed apprehension about how this adjustment might affect their … Read more
IRS Warns Marijuana Users: Don’t Try to Get a Refund Just Yet Biden’s Plan to Declassify Marijuana Won’t Trigger Instant Tax Refunds, Agency Says According to Washingtontimes, Some Americans who use marijuana are trying to get a refund from the IRS because they think President Biden’s plan to make marijuana less dangerous is already in … Read more
Tax Refunds Decline in 2024: IRS Issues 93.9 Million, Average Amount Up to $3,050 2024 Tax Refund Trends: Fewer Americans Receive IRS Refunds, Average Payment Increases In a shift from previous years fewer Americans are receiving tax refunds from the federal government marking a notable trend for 2024, according to the published article of moneywise. … Read more
As the May 17 deadline approaches, approximately 1 million Americans have yet to claim their 2020 tax refunds, leaving over $1 billion unclaimed with the IRS. Texas leads the states with the highest number of eligible taxpayers. Texans at Risk of Missing Out Texas has the largest number of individuals eligible for refunds, with an … Read more
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
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
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
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
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
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