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Tax News

News, updates, announcements and tax law changes for when you need it most.

New Affordable Care Act tax scam: what you need to know

Every year scam artists devise new schemes to defraud millions of people.  In recent years, it seems one of the most popular systems to target is the IRS. Unfortunately, fraudsters are at it once again – posing as the IRS in an attempt to steal taxpayers’ hard-earned money. To keep your bank account and private […]

4 Ways to Lower Your Taxes Before the New Year

It’s easy to only think of taxes during tax season. However, anyone who is financially savvy knows making changes throughout the year can give you the best chance to make a difference in your tax bill. With more than a quarter of the year left, now is a great time to make small adjustments that […]

Refunds delayed for some early filers this tax season

Are you among the many Americans who file your taxes early so you can get your refund sooner? If you claim the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) and expect to receive a refund, you’ll have to wait until after mid-February to get it.

IRS Sets July 31 as Deadline to File 2014 Tax Returns for ACA Premium Tax Credit

The IRS has just announced some important information for taxpayers who filed an extension for the 2014 tax year. The deadline for filing your 2014 Federal return is October 15, 2015, but you may want to file sooner. If you purchased health insurance coverage through a government-sponsored health insurance marketplace and want to keep your […]

ACA Advance Premium Tax Credits Continue

On Thursday, June 25, 2015, the Supreme Court ruled in favor of tax subsidies for qualified taxpayers who purchase insurance through federally-run exchanges. In short, advance premium tax credits will continue. This is good news for millions of Americans who enrolled in health insurance through the federal marketplace and receive tax subsidies to help offset […]

What to Expect When You’re Expecting a Refund [Infographic]

You’ve successfully organized your tax documents and receipts to e-file your taxes fast with TaxAct. Congratulations! Now, where’s my refund? How the e-file and refund process works is a frequently asked question we get. The short answer is this…

The Filing Extension Deadline Is Here—5 Tips for Finishing Your Return

Way back in April, you hadn’t quite finished your income tax return. You filed for an automatic six-month extension of time, until October 15, to file your return. October is here – and perhaps your tax return is right where you left it, six months ago. No problem. With these tips, you should have no […]

Check Your Tax Return Status Anytime, Anywhere

The hard part is done. You’ve filed your taxes. Now you want to know – was your return accepted and when should you expect that refund from the IRS? TaxACT has a free app for that – Tax Return Status by TaxACT. Who Can Use Tax Return Status by TaxACT?

IRS Delay Announcement: No need to wait — 5 reasons to file your taxes now!

We’ve received confirmation that the IRS will not be processing individual income tax returns until January 30th for the vast majority of tax payers. Those claiming residential energy credits, depreciation of property or general business credits will be able to start filing in late February or early March. That doesn’t mean you need to wait […]