This article discusses the challenges of the upcoming tax season, highlighting potential disruptions due to government layoffs, specifically within the IRS. With impending deadlines and possible mass layoffs, it may be prudent for taxpayers to file early to avoid delays in receiving refunds. The importance of securing personal information is emphasized, especially with influential figures pushing for data access to IRS databases. Advisories for taxpayers include whether to file independently or seek professional assistance, aiming for a financially beneficial 2025 amidst the changing landscape.
Filing taxes inherently means turning over personal data to the government, and with potential access to IRS databases by DOGE, safety of that data becomes crucial.
Chye-Ching Huang warned that federal layoffs will hurt everyday Americans counting on timely refunds and may encourage tax cheating among the wealthy.
Despite potential disruptions this tax season, understanding the changes and making informed choices can help make 2025 financially successful.
Taxpayers need to choose wisely between DIY filing to save money or hiring professionals, while being aware of the protection of their personal information.
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