WASHINGTON – Unclaimed income tax refunds worth more than $1.5 billion await an estimated 1.4 million individual taxpayers who did not file a 2016 federal income tax return, according to the Internal Revenue Service. “The IRS wants to help taxpayers
Treasury, IRS deliver 88 million Economic Impact Payments in first three weeks, release state-by-state Economic Impact Payment figures
WASHINGTON –The Treasury Department and the Internal Revenue Service today released state-by-state figures for Economic Impact Payments, with 88 million individuals receiving payments worth nearly $158 billion in the program’s first three weeks. As of April 17, the IRS issued
IRS Provides Clarification on EIP and Refund Settlement Products
The IRS has provided additional information and clarification for taxpayers who used a refund settlement product and are seeing a bank account number they don’t recognize through the Get My Payment tool. A common question has been “Get My Payment
Taxpayers with a filing requirement must file a tax return to get an Economic Impact Payment
While most eligible taxpayers don’t need to take any action to receive an Economic Impact Payment, some people will. This includes those who are required to file and haven’t filed a tax return for either 2018 or 2019. Here are some
Treasury, IRS launch new tool to help non-filers register for Economic Impact Payments
IRS.gov feature helps people who normally don’t file get payments; second tool next week provides taxpayers with payment delivery date and provide direct deposit information WASHINGTON – To help millions of people, the Treasury Department and the Internal Revenue Service
IRS and Treasury issue guidance for students with discharged student loans and their creditors
WASHINGTON — The Internal Revenue Service and Department of the Treasury issued Revenue Procedure 2020-11 that establishes a safe harbor extending relief to additional taxpayers who took out federal or private student loans to finance attendance at a nonprofit or for-profit school.
Getting your credit report
January 14, 2020by Lisa Weintraub SchifferleAttorney, FTC, Division of Consumer & Business Education Now that you know why credit matters, it’s time to get your credit in order. Sometimes the hardest part is getting started. The first step is to pull
Taxpayers who donate to charity should check out these resources
Taxpayers who donate to a charity may be able to claim a deduction on their tax return. These deductions basically reduce the amount of their taxable income. Taxpayers can only deduct charitable contributions if they itemize deductions. Here are some
Equifax Data Breach Settlement: What You Should Know
July 22, 2019by Alvaro PuigConsumer Education Specialist, FTC In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. Under a settlement filed today, Equifax agreed to spend up to $425 million to help
It’s not too late to check IRS payment options
IRS offers taxpayers convenient, secure ways to pay their taxes throughout the year. Taxpayers can pay: Online By phone With their mobile device using the IRS2Go app Additionally, some taxpayers must make quarterly estimated tax payments throughout the year. These taxpayers may