Here you'll find items of current interest — new programs, recent guidance or timely reminders. Tax updates and news from the IRS The Tax updates and news from the IRS page is designed to help anyone whether they are now preparing their tax return or are awaiting processing of a return or refund and the latest updates on IRS letters, or notices. Newer updates will be placed at the top of that page; the IRS will also provide critical updates through social media. National Small Business Week 2024 In celebration of National Small Business Week, April 28-May 4, 2024, the IRS is featuring useful tax-related tools and resources to help small business owners, employers and self-employed individuals succeed. Check the status of your refund Taxpayers can track their refund easily and conveniently with the IRS Where's my refund? tool at IRS.gov/refunds and with the IRS2Go app. Refund status is available within 24 hours of the IRS letting the taxpayer know that they got the e-filed return. The tool also gives the taxpayer a personalized refund date after the IRS processes the return and approves the refund. Low Income Taxpayer Clinic matching grants application open The application period for Low Income Taxpayer Clinic matching grants from all qualified organizations runs from April 22, 2024, to June 12, 2024. The funding and the period of performance for the grant will be Jan. 1, 2025, to Dec. 31, 2025. New Inflation Reduction Act credit guidance Final regulations for the transfer of eligible credits in a taxable year, including specific rules for partnerships and S corporations is now available. The final regulations also describe special rules related to excessive credit transfers and recapture events, including rules for determining whether an event has occurred, the resulting tax impact and the person responsible for that tax impact.
