While IRS is threatening furloughed employees with making them go without back pay, it has told exempted employees—those who continue to work because their salaries are paid through means other than annual appropriations—that they will receive their paychecks on time, according to messages reviewed by Government Executive.

Missing IRS deadlines can carry financial consequences. Failure to file and pay a tax return on time can result in a penalty of 5 percent of taxes owed for each month or partial month the return is late.

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The IRS has been at the center of recent rumors regarding the distribution of $1,390 relief payments in October. Many people are eager to receive financial assistance, believing that these payments will provide much-needed support.

During the COVID outbreak, people received payments ranging from $600 to $1,400 as a stimulus to keep the economy in decent health. However, these payments only had three instalments, with the deadline for claiming the third instalment of the payments on April 15 of this year.

The upshot of the IRS changes is that you can make more money next year and still qualify for a lower rate on your gains. For the purposes of these brackets, the IRS looks at your taxable income, found by subtracting any deductions, standard or itemized, from your gross income for the year.

Starting in 2025, the IRS will no longer issue paper checks for tax refunds, signaling a significant transformation in the way Americans receive their tax returns. This decision is part of a broader initiative to modernize federal financial operations,

The Internal Revenue Service has published changes from the One Big Beautiful Bill Act President Trump pushed through Congress last summer, with Connecticut taxpayers waiting to see how updated tax brackets and credits will impact their April tax bills and refunds.