Some tax filers may receive Form 1099-K which is used to report payment transactions through payment cards and third party network transactions. As all income is taxable, whether it is from part-time work, side jobs or sale of goods, taxpayers must report all income on their tax return unless excluded by law.

Tracking your state tax refund can be a lot harder than your federal tax refund. If you’re like most Americans, you live in a state that requires you to file a state tax return. Even though you may not have too much trouble filing your state return,

The IRS began processing tax returns Monday. For filers who submit their returns electronically using direct deposit, refunds are generally issued in less than 21 days. There is a caution from the tax agency, however, that urges “taxpayers not to rely on receiving refund by a certain date, especially when making major purchases or paying bills.

There are a few signs it might be time to contact the IRS about a delayed tax refund. First and foremost, the Where’s My Refund tracker on the official website might instruct you to call the IRS. You should also call if it’s been more than 21 days since you e-filed or more than six weeks since you mailed a federal tax return.

If you file your tax return electronically, the IRS says it should take 21 days or less to receive your refund. If you choose to receive your refund with direct deposit, it should take even less time. If you file a paper return, the refund could take four weeks or more, and if your return requires amendments or corrections, it could take longer.

Already submitted your tax return to the IRS? Here's how to find out when your refund will arrive in your bank account.

Michigan's income tax rate returned to 4.25% for individuals for 2024 income. That's up from the temporary 4.05% rate in 2023.