WASHINGTON (AP) — On this Tax Day, the IRS is promoting the customer service improvements the agency rolled out since receiving tens of billions in new...
WASHINGTON — On this Tax Day, the IRS is promoting the customer service improvements the agency rolled out since receiving tens of billions in new funding dollars through Democrats' Inflation Reduction Act .and improving the “Where's My Refund” tool to show more account details in plain language, agency leadership is trying to bring attention to what's been done to repair the agency’s image as an outdated and maligned tax collector.
For most people, April 15 is the last day to submit tax returns or to file an extension and the IRS says it has received more thanThe IRS says call wait times have been cut down to three minutes this tax season, compared with the average 28 minutes in 2022. That has saved taxpayers 1.4 million hours of hold time and the agency has answered 3 million more calls compared with the same time frame.
Another presidential election is on the horizon, and financial advisors are considering the possibility of Donald Trump securing the Republican nomination and winning a second term at the presidency....Economists and experts say they're expecting the federal government to raise taxes in Tuesday's budget to help offset billions of dollars in new spending already promised in the pre-budget announcements that have been landing almost daily since the end of March.
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