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Tax season is officially open with new deductions and tools as the IRS starts processing returns today.
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The Internal Revenue Service is encouraging taxpayers to take important actions this month to help them file their 2022 federal tax returns.
The IRS is delaying tax refunds for more than 40 million low-income families this year as the agency steps up efforts to fight identity theft and fraud.
Taxpayers who like to file early to get a quick turnaround of a refund may be disappointed this tax season. In its effort to battle fraud, the IRS has a new strategy: Delay the refunds of filers who are more likely to take certain tax credits that are frequently claimed improperly or are the target of fraudulently filed returns.