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The IRS now says its own error caused thousands of non-Americans living overseas to mistakenly receive $1,200 stimulus checks — and the mistake could happen again if more stimulus money goes out.
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The IRS has delivered more than $207 billion in coronavirus relief payments to individual taxpayers, but some of the recipients of the relief checks are the bank accounts of people who have died.
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The Government Accountability Office says 3 million more Americans are likely to have experienced underwithholding from their paychecks in 2018 as a direct result of the new tax law.
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For nearly 11 hours on the busiest tax day of the year, the agency was unable to accept tax returns.
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The new calculation reduces by $50 the amount a family can put into these HSA accounts this year. Anyone who has already funded the account at a higher level will need to adjust, or risk IRS scrutiny.
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It’s tax season, and identity thieves are eager to claim your tax refund as their own. Filing your return early might help you avoid becoming a victim.Tax…