Quick Take: What Is a Tax Transcript and Why Do You Need One? In short, a tax transcript shows basic data and line items such as adjusted gross income, AGI, or other taxable income, as well as FICA ...

IRS expects about 164 million individual returns in 2026; most will file online. One Big Beautiful Bill Act adds deductions for tips, vehicle loan interest, and age 65+. Tax Day is April 15, 2026; ...

The IRS has started processing 2025 tax returns, and early filers expecting refunds may still be waiting. The IRS says that most refunds are issued within 21 days of accepting an electronic return.

According to the Internal Revenue Service (IRS), it’s currently one of the busiest times for filing taxes. So, if you’re planning on filing your taxes this week, here’s how to get them in fast. An IRS ...