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FYI -

IRS Says Tax Refund Payments Will Be Limited by Shutdown Tax refund payments, IRS phone assistance, and appointments with the agency’s appeals office will all be hampered as the government shutdown trudges into its fourth week.

Something to look forward to -

Larger tax refunds in 2026 expected, thanks to Trump tax law and IRS delay: Economist Americans may see larger tax refunds in 2026, thanks to the IRS updatng delays to account for Trump's retroactive tax provision, an economist says.

Standard Deduction went up for 2025

IRS updates 2026 tax deductions for people age 65 and older: Why it matters Standard tax deductions are increasing across the board, but the news is even better for those 65 years and older.

Heads up for next year -

IRS makes historic change to how it handles tax returns: What’s next How you get your tax refund may look a lot different this year — here's what changed.

Interest rate going to 8% -

IRS move could carry hefty cost for some taxpayers The IRS is raising the interest penalty for underpayment of estimated taxes, with taxpayers who are self-employed or work as independent contractors urged to be vigilant.

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K

The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

As a result of this delay, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the American Rescue Plan of 2021.

As part of this, the IRS released guidance today outlining that calendar year 2022 will be a transition period for implementation of the lowered threshold reporting for third-party settlement organizations (TPSOs) including Venmo, PayPal and CashApp that would have generated Form 1099-Ks for taxpayers.

The IRS also noted that the existing 1099-K reporting threshold of $20,000 in payments from over 200 transactions will remain in effect.

Taxpayers should remember, if a couple is married as of December 31, the law says they're married for the whole year for tax purposes.

Don’t let a tax mistake ruin newlywed bliss | Internal Revenue Service Tax Tip 2022-188, December 8, 2022 — When people get married their tax situation often changes. A taxpayer’s marital status as of December 31 determines their tax filing options for the entire year, but that’s not all newlyweds need to know.

Facing federal PPP fraud investigations, online lender Kabbage files for bankruptcy Online lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection Program, processing more than $7 billion in loans.

Important tax reminders for people selling a home | Internal Revenue Service Tax Tip 2022-78, May 19, 2022 — A lot of families move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return.

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10 Signs You Really Do Need Professional Help Filing Your Taxes Paying taxes is painful enough. Why fork over even more of your hard-earned money to pay someone to prepare your tax return? Learn: Taxes 2022: Are Face Masks and Hand Sanitizer...

And we ‘absolutely’ believe him, don’t we?

Tax return backlog will ‘absolutely’ clear by end of 2022, says IRS Commissioner Charles Rettig IRS Commissioner Charles Rettig told House lawmakers he expects the backlog of tens of millions of unprocessed tax returns to clear by the end of 2022.