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Intuit’s TurboTax estimates that taxpayers could receive up to $1,000 more per refund next year, according to Lisa Greene-Lewis, a certified public accountant and tax expert at the company. This year, refunds for TurboTax customers averaged more than $3,000, in line with Internal Revenue Service historical averages, she said.
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IRS warns taxpayers about 2026 changes to avoid refund delays
The Internal Revenue Service is urging Americans to begin preparing early for the 2026 filing season. And with the 2026 tax-law changes and a shift away from paper checks, it means that early planning will make filing smoother and a lot less stressful.
In 2024, the Internal Revenue Service announced automatic payments for eligible taxpayers who had not claimed the Recovery Rebate Credit on their 2021 returns. The maximum payment was $1,400 per person.
The impact of the Republicans' tax and spending law could result in the "largest refund season of the last decade," a Wall Street report says.
Wondering if your ANCHOR rebate, IRS tax refund or stimulus check will arrive before Christmas? Here's how to track status by social security number.
Tax changes in 2026 could mean smaller tax refunds next year. Learn key updates — from brackets to credits — and how to prepare to keep more of your money.
In a note published on LinkedIn, Kelly explained that many of the tax cuts announced as part of President Donald Trump’s One Big Beautiful Bill Act (OBBBA) are retroactively effective from Jan. 1, 2025. However, the Internal Revenue Service (IRS) has confirmed that it will not be adjusting tax withholding rates in 2025 (1).
Tax refunds are likely going to be supersized in 2026 because of the One Big Beautiful Bill Act, which made major reforms to the tax code, including adding more opportunities to reduce your taxable income by claiming deductions. The act put these reforms into place retroactively for 2025, which means that the tax savings is taking effect this year.
IRS is warning millions of Americans about rising identity theft and tax scams this Christmas. Holiday shopping plus tax season makes a perfect target for criminals. Phishing emails, smishing texts, and social media scams are increasing.
The average electronic tax refund costs the federal government less than 15 cents, compared to a paper check refund, which costs about 50 cents.