Welcome to today's episode! It’s crunch time for tax filers, as the IRS reminds everyone that April 15 is the deadline for 2024 tax returns. They urge you to “act now” to either pay what you owe or request an extension. Interestingly, fewer Americans have filed their federal taxes so far this year—almost one million fewer, or about 1.1% less than last year. While experts downplay the alarm, there are notable challenges this season, including massive IRS staff cuts and a recent resignation due to internal tensions exacerbated by Elon Musk’s Department of Government Efficiency, or DOGE. This has led to delays and service issues. According to IRS employees, some are working in cafeterias and conference rooms!

Despite these challenges, the IRS reassures taxpayers that there’s still time to file electronically. “Filing electronically reduces tax return errors,” they state, with refunds often in your account within 21 days. If you earn $84,000 or less, you can take advantage of IRS Free File until October 15. So make sure to stay on top of your taxes, and until next time, keep checking those numbers!
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