Author: Susan Tompor, Detroit Free Press

Tax professionals say clients are shocked by tax bills, after big gains in virtual currency and mutual funds.

Many taxpayers can legitimately claim the recovery rebate credit on their 2021 federal income tax returns. But many remain confused on who qualifies.

Average refunds, at $3,263, continue to be up through March 25, according to IRS data. Tax professionals say boosts to some credits are helping.

The IRS backlog of tax returns, paper returns and stimulus-related mistakes from 2021 is slowing down processing this year.

Paying top dollar for bigger, more expensive SUVs and trucks is forcing drivers to hand over more than ever each month to cover their car payments.

The earned income credit applies to some who might not realize it. Those with no qualifying children can get up to $1,502 – nearly triple from 2020.

IRS delivered refunds to more than 4 million people in the first two weeks. But some direct deposit refunds involve a backlog of 2020 returns.

Tax professionals prepare for high stress levels after many individuals and small business owners faced lengthy refund delays in the past two years.

The uproar over requiring a photo to verify an identity involved ID.me accounts at IRS.gov — not electronically filing a tax return.

Many people plan to cover bills – or buy items now – because they expect a big tax refund soon. Here’s why some refunds will face delays in 2022.