Tax Season Is Year-Round · May 16, 2026 Daily Digest
IRS Program Updates
- 🔥 Voluntary Disclosure Program: Bulletin 2026-21 replaces the 75% civil fraud penalty with 20% accuracy penalties over six...

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IRS updates, refund news, and money-saving insights
Explore the latest content tracked by Tax Season Is Year-Round
Tax transcripts summarize your return's income, deductions, and credits.
Retiring at 65 without a plan can trigger massive long-term tax hits through RMDs and lost planning windows.
Filing your tax return early can block refund fraud by triggering IRS red flags on duplicate returns from identity thieves. This simple step is a powerful defense in tax-related cybercrime prevention.
Start tracking only after IRS confirmation that your return was received.
Retirees over 62 can legally reduce taxes with strategies few know about.
This video highlights two essential financial checklists for 2026 that apply year-round, emphasizing consultation with a financial adviser,...
Most scholarships, grants, and tuition discounts stay tax-free when used for qualified education costs like tuition and books.
Keep your tax returns, W-2s, 1099s, 1098s, charitable receipts, and investment records for three years. This simple habit protects refunds and helps avoid unnecessary audit headaches.
Online tools like the 1040 calculator and Calculator My Paycheck make federal tax estimates simple and actionable year-round.
A new IRS tax refund method is rolling out for 2026, potentially speeding up processing for eligible taxpayers. Details on how to benefit are still emerging from the announcement.
Taxpayers qualify for credits or refunds in 2026 only after an overpayment occurs first, per the latest IRS bulletin. This official rule means no balance gets refunded without prior excess payment.
Recent court rulings may entitle you to refunds on IRS penalties paid 2020-2023.
Simple filing mistakes could trigger month-long tax refund delays this year. National Taxpayer Advocate Erin Collins warns that 2026 may prove especially difficult for many filers who overlook basic errors.
Use the IRS Where's My Refund tool to monitor your refund status and expected date directly on their site. Most refunds still arrive in under 21 days, making real-time tracking essential for planning.
Prepare now: IRS modifying refunds for returns without direct deposit info or rejected bank details, potentially delaying your payout per ChatGPT's take on 2026 changes.