La Strega Tax Services

Time is running out to claim your refund from 2022. File ASAP before the April 15 deadline to avoid your refund going unclaimed. www.irs.gov/unclaimedrefunds

When will taxpayers receive a refund?
The IRS generally issues refunds within 21 days for taxpayers who file electronically and choose direct deposit.

The IRS says taxpayers can see their refund status:

-24 hours after they electronically file a current-year return
-3 or 4 days after electronically filing a prior-year return
-4 weeks after filing a paper return

IRS opens 2026 filing season !!
40th anniversary of electronic filing

IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents

OBBB: No tax on car loan interest

This new tax benefit allows certain taxpayers to deduct interest paid on a qualified passenger vehicle loan during a taxable year beginning after Dec. 31, 2024, and before Jan. 1, 2029, provided the loan is incurred after Dec. 31, 2024, and the vehicle is purchased for personal use.

IRS reminds taxpayers who filed for extensions of the Oct. 15 deadline NO ADDITIONAL EXTENSION is granted !!!

Oct. 15 deadline for extension filers is around the corner

The extension deadline to file taxes is less than two weeks away

Social media advice continues to circulate about a non-existent “Self-Employment Tax Credit” that’s misleading taxpayers into filing false claims. Promoters market it as a way for self-employed people and gig workers to get payments of up to $32,000 for the COVID-19 pandemic period.
In reality, the underlying credit being referred to in social media is not called the “Self-Employment Tax Credit,” it’s a much more limited and technical credit called the Credits for Sick Leave and Family Leave. Many people simply do not qualify for these credits, and the IRS is closely reviewing claims coming in under this provision.

If you turned 73 in 2024 .. In most cases retirees who turned 73 in 2024 must begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans by Tuesday, April 1, 2025.

WASHINGTON — The Internal Revenue Service today reminded those aged 73 and older of the deadline to take Required Minimum Distributions from Individual Retirement Arrangements (IRAs) and other retirement plans.