Death & Taxes: Currently's tax season blog
Welcome to Currently's tax season blog with up-to-date information, handy tips and sound advice to help you file your 2022 tax return.
When is the final day to file taxes in 2023? Did the tax deadline get extended?
The clock is ticking: the last day to file your taxes is April 18. If you haven't sent in your return yet, you're not alone. However, the deadline has been extended in these 7 states.
Dangerous malware scam targets taxpayers with deceptive IRS forms
Tax season is upon us, and that means that scammers are hard at work trying to fool as many of us as they can.
TIP: 9 common IRS tax audit triggers
What happens if your accountant makes a mistake on your taxes?
If you’re filing your tax return alongside a tax preparer, chances are you may feel confident they’ve got it under control. No matter how confident you may be, an accidental mistake can always be possible on your return.
The craziest ways people have avoided paying taxes legally
There are ways to reduce some — or all — of your tax bill legally. If you want to save some money, learn more about how to avoid paying taxes without breaking any laws.
Read: Tax Refund Schedule 2023
Read: Tax Loopholes For 2023
5 important updates from the IRS as Tax Day nears
With only a few weeks to go until Tax Day on April 18, this year’s tax filing season has been going smoothly. However, the IRS does continue to issue tax updates and news. These may be of interest to taxpayers, especially those who have yet to file their tax returns.
Don't fall for one of the 'dirty dozen' tax scams
The IRS produces a list of the "Dirty Dozen" tax schemes every year, detailing the numerous tax scams that taxpayers should keep an eye out for when navigating their taxes.
Crazy-sounding tax deductions that are actually legal to use
When it comes to lowering your taxes, however, sometimes it pays to think outside the box. In addition to all of the regular deductions you're likely used to claiming, there are a host of unusual tax deductions and credits that might lower your tax bill even more.
How to track your tax refund for free
Tracking your tax refund has never been easier.
Which Americans would be most affected by a tax cap
If nothing is done to change course, Americans on Social Security may see their monthly benefits drop by 25% in the years ahead.
IRS has a warning about a well-known tax credit
If you claim the credit when you shouldn't, you could have to pay it back — plus interest and penalties.
Biden says he’s raising taxes – will you owe the IRS more?
The higher taxes are aimed partly to pay for the several programs the Biden administration has enacted, as well as to lower the deficit.
5 common tax myths to know before filing your return
Know the facts when you’re filing your taxes this season. Here are the realities behind five common tax myths.
15 really bad ways people spend their tax returns
If you want to improve your finances and not experience buyer’s remorse, spend your refund wisely and avoid blowing it on these items.
How to identify tax preparer fraud to the IRS
No matter how diligent you might normally be, tax preparer fraud can happen to anyone.
6 signs you are overpaying on your taxes
There are only two certainties in life: death and taxes. While one is unavoidable, there are some great ways to avoid paying too much in taxes.
New tax scam on social media could cost you $5,000
The IRS has issued a warning about a new scam in which taxpayers are urged to claim false credits on their tax returns to get a big refund. If you get lured into the scam, you might be stuck with a $5,000 penalty.
7 tax mistakes your financial advisor could be making
Some financial advisors may be tempted to wash their hands of taxes and leave them to the accountants. But that approach doesn’t ensure the best outcome for their clients.
7 ways you’re accidentally committing tax fraud
Not every fraud artist is a sketchy identity thief in the dark corners of the internet. In fact, you might end up committing accidental tax fraud or accidental tax evasion yourself if you don’t pay careful attention during this tax season.
TikTok can serve up bad tax advice, tax pros warn
Some Americans are turning to social media for tax advice, rankling tax pros who point out that some of those tips are misleading or flat-out wrong.
Could your state stimulus check be a red flag for an IRS tax audit?
For those who live in states that sent their residents inflation relief or stimulus rebates, questions have arisen regarding whether or not recipients will need to pay federal taxes on state stimulus checks as income, as well as which states will be affected.
How to avoid paying taxes legally — and the 11 craziest ways people have done it
There are ways to reduce some — or all — of your tax bill legally. If you want to save some money, learn more about how to avoid paying taxes without breaking any laws.
5 reasons you might regret getting a tax refund
Getting a tax refund is one of the biggest financial highlights of the year for many Americans. But is a tax refund a good thing? Tax planners and other finance experts assert that, actually, it isn’t.
Americans may get a tax refund shock this year
Millions of taxpayers could receive a shock when they see their 2023 tax refunds due to the expiration of many pandemic benefits that lawmakers had passed to help Americans weather the crisis.
