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Filing your taxes this year may include more AI

by Meghan McCarty Carino
Apr 15, 2024
Tax software companies like Intuit and H&R Block are turning to generative artificial intelligence to give products an edge.
Intuit and H&R Block introduced dueling AI assistants late last year, but experts say they're not wholly reliable.
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I've Always Wondered ...

The origins of the IRS logo

by Janet Nguyen
Apr 5, 2024
For $197,000, in today’s dollars, a design firm revamped IRS tax forms in the ‘60s. That included the creation of a new symbol representing an eagle.
It can be hard to make out the IRS symbol, which depicts an eagle.
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Taxpayers aren't the only ones disappointed with taxes this year

by Savannah Maher
May 15, 2023
Federal tax revenue is coming in short while the debt ceiling remains unresolved. The problem was signaled by meager refunds.
So far this fiscal year, the IRS has brought in an estimated $250 billion less than forecast, possibly caused by lower capital gains tax receipts and postponed filing in California.
Chip Somodevilla/Getty Images
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Tax refunds are smaller this year — and fewer people are getting them

by Henry Epp
May 12, 2023
Blame the termination of benefits that came with pandemic emergency measures.
The average refund amount is down more than 7% from last year so far, according to the IRS.
Stefani Reynolds/AFP via Getty Images
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You can pay your taxes in cash — if you're up for the challenge

by Kai Ryssdal and Sarah Leeson
Apr 17, 2023
Jay Zagorsky of Boston University paid his taxes in $100 bills and exact change. A cashless society has some disadvantages, he says.
"There are some advantages of cash that we're going to lose once we suddenly go to a pure cashless economy," says Boston University professor Jay Zagorsky.
Murtaja Lateef/AFP via Getty Images
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Your tax refund may be smaller this year

by Samantha Fields
Apr 5, 2023
Pandemic tax credits have dried up, like the temporary expansion of the child tax credit and the earned income tax credit.
Without pandemic-era expanded tax credits, low- and middle-income families will likely see lower tax returns.
Chip Somodevilla/Getty Images
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Were last year's state payments taxable? Taxpayers wait while the IRS decides.

by Samantha Fields
Feb 9, 2023
It's will depend on why the payments were made and who got them.
The Internal Revenue Service building in Washington. Even though tax season is upon us, the agency hasn't yet ruled whether special payments from states will be exempt.
Stefani Reynolds/AFP via Getty Images
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The IRS aims to improve customer service by hiring 5,000 additional workers

by Mitchell Hartman
Sep 15, 2022
The agency's budget has been shrinking, its workforce is aging, and it's been saddled with new responsibilities.
Treasury Secretary Janet Yellen tours a new technology workspace at the Internal Revenue Service on Sep. 15. The agency is receiving $80 billion to upgrade technology and hire more staff.
Saul Loeb/AFP via Getty Images
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Millions of college students are eligible for tax credits. But they have to file for them.

by Stephanie Hughes
Apr 14, 2022
Students may be entitled to additional money if they're not claimed as dependents.
Students at the University of California, Berkeley. College students may be entitled to tax benefits and pandemic relief payments.
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Tax deadline fast approaching: Is the IRS ready?

by Marielle Segarra
Mar 25, 2022
It's still working through backlogs from previous couple of years.
Some people still haven’t gotten their 2020 tax refunds.
Stefani Reynolds/AFP via Getty Images
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