As tax season unfolds, the IRS has revealed a significant 29% decrease in average tax refunds for 2024 compared to the previous year, according to International Business Times. However, experts caution against alarm, emphasizing the fluidity of these figures and the potential for change as the filing season progresses. Initial Decrease in Average Tax Refunds … Read more
Residents of Minnesota are in line to receive additional child tax credit payments in 2024, as the state joins a list of 15 others providing extra relief to families. With the tax season underway, individuals are encouraged to explore all available credits to alleviate financial strain amidst current economic conditions. Minnesota officials anticipate the average … Read more
As tax season kicks off, taxpayers are eager to receive their refunds promptly. While filing electronically and opting for direct deposit are common practices to speed up the process, there’s an even faster route available through popular cash transfer apps like Venmo, Cash App, and PayPal. These apps can potentially put your hard-earned money in … Read more
With tax season approaching, H&R Block’s CEO, Jeff Jones, suggests there are reasons to look forward to filing this year. Despite the usual apprehension associated with taxes, Jones believes this season might be easier for filers, with potential improvements in the simplicity of the process and the size of refunds according to MarketWatch. Optimistic Outlook … Read more