Frank Bisignano

American businessman

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IRS reveals potential for significant tax refunds amid confusion
politics Mar 4, 2026, 6:58 PM
IRS reveals potential for significant tax refunds amid confusion
  • The IRS announced that tax year 2025 will allow carry-forward of Adoption Tax Credit from previous years.
  • Refunds are significantly higher this year, with average refunds reaching $3,804, largely due to new deductions.
  • Taxpayers are encouraged to review their filings to avoid leaving money unclaimed.
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IRS faces severe workforce cuts ahead of 2026 tax season
politics Jan 28, 2026, 4:00 PM
IRS faces severe workforce cuts ahead of 2026 tax season
  • The IRS is facing a significant workforce reduction of 27% due to cuts since the Trump administration.
  • Taxpayer Advocate Erin M. Collins warns that the complexity of tax law changes and reduced staff may hinder assistance during the 2026 tax season.
  • Despite challenges, IRS leaders maintain that taxpayers will continue to receive refunds on time.
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