The IRS is alerting taxpayers about a number of changes hitting in the 2023 tax filing year. Among the most significant: Your tax refund, if you are eligible for one, may be smaller than the one you received in 2022.
Among the most significant: Your tax refund, if you are eligible for one, may be smaller than the one you received in 2022.
Finally, the IRS is reminding taxpayers transactions that earned them $600 or more must be reported, including ones made on third-party apps like Venmo. Prior to 2022, tax forms were required only if the transaction exceeded $20,000. The agency is also warning filers not to expect their refunds by a certain date, adding that it is taking extra measures to ensure against identity theft and tax fraud.
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