As part of a broader push to modernize payments, the IRS has been phasing out paper refund checks. This tax season, that shift has triggered a surge in notices asking taxpayers to confirm or update their banking information. These letters, known as CP53E notices, are landing in more than 1 million mailboxes, according to some…
Most of the back-office IRS employees who were involuntarily moved to cover frontline filing-season work will remain on their temporary reassignments. The IRS in early February put about 1,500 IT and human resources employees on 120-day details to work in taxpayer services. Most of the IRS employees who moved to taxpayer services have no background in this…
“In one state, voters will get to decide whether to eliminate the income tax. Will more follow?” by David A. Lieb JEFFERSON CITY, Mo. (AP) — It’s not every day — or even every decade — that voters are presented a decision like this: Should the state’s individual income tax be eliminated? When that question…
If you’re trying to plump up your nest egg or stretch your retirement savings, every dollar you can keep in your pocket counts. To help with that effort, the 2026 tax season arrives with a host of changes that could cut your 2025 tax bill. Read more