By Kevin Theissen What are you going to do with your tax refund this year? Through the end of March, the IRS received over 81 million returns and processed just under 79 million returns. To that point, the IRS has […]
Tag: IRS
Where’s my refund?
By Kevin Theissen The Internal Revenue Service continues to be backlogged and shorthanded—because of years of mismanagement plus Covid-19 related difficulties. As of last month, the IRS had over 20 million tax returns and correspondence waiting to be processed. Last […]
2022 contribution limits increase
By Kevin Theissen Preparing for retirement just got a little boost. This week, the Internal Revenue Service (IRS) announced new contribution limits for 2022. Staying put for 2022 are traditional Individual Retirement Accounts (IRAs), with the limit remaining at $6,000. […]
Did you get your new Child Tax credit?
By Kevin Theissen Nearly 40 million American households have children ages 18 or younger, and last week, they received their first Advance Child Tax credit payment. These families account for more than 30% of the U.S. population. The amount each […]
Mountain Times – Volume 50, Number 28 – July 14-20, 2021
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Income taxes are complex but logical
By Kevin Theissen The Internal Revenue Service estimates that taxpayers and businesses spend 6.1 billion hours per year complying with tax-filing requirements. To put this into perspective, if all this work were done by a single company, it would need […]