Tax Refund news - Today’s latest updates
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www.cbsnews.comHere are the latest developments on tax refunds based on recent reporting:
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U.S. refunds expectations: Reports indicate many taxpayers may see larger refunds this season due to new/updated IRS rules and higher standard deduction or SALT considerations, depending on individual circumstances. This is part of ongoing changes tied to adjustments in tax law and IRS processing rules. [sources: recent finance coverage]
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Unclaimed refunds: The IRS and tax media continue to remind taxpayers that some refunds from prior years remain unclaimed, with deadlines varying by program. If you might be eligible for prior-year credits, it’s worth checking IRS tools or speaking with a tax pro to verify status and deadlines. [sources: tax-news aggregators]
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Specific program updates: Several outlets highlight changes that affect refundable credits, state/local tax deductions, and potential new benefits for seniors or families in certain income ranges. Tax filers should review whether these changes impact their deductions or credits when preparing returns. [sources: tax-news roundups]
What you can do now
- Check your IRS account: Look up your current refund status, what refunds are due, and any messages from the IRS. [sources: consumer tax news]
- Review year-specific changes: If you filed for 2025 returns, verify whether you benefit from updated SALT limits, child tax credits, or retirement-related provisions. [sources: tax-policy coverage]
- Watch for IRS announcements: The IRS periodically updates processing times and refund schedules, especially around peak filing periods. [sources: IRS communications]
If you’d like, I can search for the most up-to-date articles from specific outlets or pull the latest official IRS notices and summarize them with citations.