Tax season fact check: make sure you don’t fall for these false claims

Apr 15, 2024 · The claim: The IRS is hiring 87,000 'soldiers' to prosecute citizens and raising taxes on those who make $30,000 or more. Our rating: False. The 87,000 figure has been …

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Tax Season Fact Check: Make Sure You Don’t Fall For These False Claims

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Apr 15, 2024 · The claim: The IRS is hiring 87,000 'soldiers' to prosecute citizens and raising taxes on those who make $30,000 or more. Our rating: False. The 87,000 figure has been …

usatoday.com

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The 2022 Tax Season Has Started - Tips To Help You File An Accurate ...

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Jan 24, 2022 · For those waiting on their 2020 tax return to be processed, make sure you enter $0 (zero dollars) for last year’s AGI on the 2021 tax return. Remember - unemployment …

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FAQs about Tax season fact check: make sure you don’t fall for these false claims Coupon?

Why is tax season so difficult?

The challenge of having to navigate countless forms and compiling all of the correct information can turn tax season into an overwhelming marathon of paperwork for many tax payers. This story is part of Taxes 2024, CNET's coverage of the best tax software, tax tips and everything else you need to file your return and track your refund. ...

How does tax season work?

Here’s how it works. Tax season officially started Jan. 29th, when the IRS began accepting tax returns and now there are about five weeks left until Tax Day, April 15. Whether you like to file your tax return early or prefer to wait a while before filing, reviewing key tax changes that may affect your tax bill is essential. ...

Should you fall for tax scams?

The IRS warned taxpayers not to fall for these scams centered around the Fuel Tax Credit, the Sick and Family Leave Credit and household employment taxes. ...

Is tax season a stressful time?

Filing season can be a stressful time for many Americans. The challenge of having to navigate countless forms and compiling all of the correct information can turn tax season into an overwhelming marathon of paperwork for many tax payers. ...

What happens if you don't pay your taxes on time?

Those that don't submit their tax returns on time must pay a financial penalty as well, according to the IRS. The penalty is 5% of the unpaid taxes for each month the tax return is late, and it collects interest over time, the IRS states. These penalties are backed by the 26 U.S. Code, Section 6651. ...

What are some myths about taxes?

The pamphlet addresses several myths regarding taxes, such as the myth that the filing and payment of taxes are voluntary. It notes every individual is responsible to file a tax return and determine and pay the correct amount of tax, as long as their income falls above a specified level. ...