Tax refunds are coming in smaller this year, and the drop may be due to certain family tax credits haven’t been delivered yet. The IRS reported that the average refund amount via direct deposit ...

The standard deduction is the specific dollar amount, set each year by the IRS, that lowers the sum of your taxable income if you do not itemize deductions on your return. For 2024 tax returns, the ...

The Internal Revenue Service started accepting income-tax returns on Jan. 27, opening the spigots of refund money shortly thereafter. But taxpayers who claimed the Earned Income Tax Credit or the ...