Tax Refuge & Associates, LLC.

05/31/2023

https://www.irs.gov/newsroom/coming-soon-2024-low-income-taxpayer-clinic-grant-application-period

IR-2023-99, May 9, 2023 — The Internal Revenue Service today announced it will accept applications for Low Income Taxpayer Clinic (LITC) matching grants from all qualified organizations. The application period will run from May 8, 2023, to June 26, 2023. The funding and the period of performance f...

05/30/2023

https://www.accountingtoday.com/opinion/will-the-house-win-approaches-vary-to-taxes-on-sports-betting

State treasuries are attempting to stack the deck in their favor in order to remain in the black.

05/29/2023

Our debt to the heroic men and valiant women in the service of our country can never be repaid. They have earned our undying gratitude. Their sacrifices will never be forgotten. Thank you for your service!

05/26/2023

https://www.cnbc.com/2023/04/27/how-to-reduce-your-2023-tax-bill-or-boost-your-refund.html

If you had a surprise tax bill this season, it's not too soon to prepare for next year. Here are three smart ways to get ready for your 2023 taxes.

05/25/2023

https://www.accountingtoday.com/news/irs-and-tax-experts-offer-last-minute-tax-tips

Some practitioners are advising clients to take advantage of Roth IRA conversions, but to tread carefully with the latest advances in artificial intelligence, as tax season nears an end.

05/24/2023

https://www.irs.gov/newsroom/irs-tax-withholding-estimator-helps-people-get-ready-for-the-2024-filing-season-make-sure-withholding-is-right-on-2023-paychecks

IR-2023-87, April 18, 2023 — The IRS today suggested taxpayers who filed or are about to file their 2022 tax return use the IRS Tax Withholding Estimator to help update the amount of tax to have taken out of their 2023 pay.

05/23/2023

https://www.cnbc.com/2023/04/18/best-ways-to-spend-your-tax-refund.html?&qsearchterm=taxes

The average tax fund is almost $3,000. Here's how to spend it wisely.

05/22/2023

https://www.cnbc.com/2023/04/18/fewer-cars-qualify-for-7500-ev-tax-credit-here-are-2-alternatives.html

The number of electric vehicles that qualify for a $7,500 tax credit fell by half on April 18. But buying a new car isn't the only way to a get a tax break.

05/19/2023

https://www.foxbusiness.com/money/irs-says-americans-are-getting-less-tax-refunds-year

The Internal Revenue Service has delivered roughly 69 million tax refunds so far this year, but many taxpayers could be disappointed by the smaller amount.

05/18/2023

https://www.cbsnews.com/news/reasons-to-put-your-tax-refund-into-a-high-yield-savings-account/

Don't give in to the temptation to spend your tax refund. It's often wiser to store away that money for the future.

05/17/2023

https://www.usatoday.com/story/money/personalfinance/2023/02/08/when-to-wait-to-file-taxes-2023/11196942002/

Everyone says file your taxes early, but accountants say there may be times it's better to wait. Here are some of those times.

05/16/2023

https://www.reuters.com/world/us/us-irs-clears-massive-backlog-unprocessed-paper-tax-returns-2023-04-18/

The U.S. Internal Revenue Service declared on Tuesday that it is completing its first "normal" tax filing season since the COVID-19 pandemic struck in 2020, with a backlog of millions of unprocessed returns from previous years fully cleared.