IRS

A group of House Republicans have revisited the Fair Tax Act, which would replace certain federal taxes with a national sales tax and decentralize the IRS.

Tax season opened Jan. 23. Here are some tips and things to know before filing a return, including ways to get a faster tax refund from the IRS.

Tips for the 2023 tax season: Don’t call the IRS on Mondays, triple-check for errors, don't mail a return if you don't have to, and other tax advice.

Everything you need to know about filing taxes in 2023.

California storm victims are being offered extra time to file in 2023 by the IRS. See if you qualify for an extension.

If you're expecting a tax refund, it may be smaller than last year's payment, according to the IRS. Here's why.

Tax season is here again.

The IRS expects to issue guidance on the clean vehicle credit in March. Experts think the rules around car batteries will limit who can get the credit.

Experts say it's critical to get organized with tax forms before filing your 2022 return. Here's how to avoid tax refund delays.

Tax season kicked off for individual filers on Jan. 23, and the deadline for most taxpayers is April 18. Here's how to get a faster tax refund, experts say.

Tax season kicked off for individual filers on Monday with a bigger IRS customer service team and enhanced technology, according to Treasury officials.

"A lot of people will get their refunds and they won't get as much as anticipated," one expert said as tax season kicks off.

With millions of Americans counting on their tax refund to pay the bills, these tips can help avoid problems getting paid.

California storm victims are being offered extra time to file in 2023 by the IRS. See if you qualify for an extension.

With millions of Americans counting on their tax refund to pay the bills, these tips can help avoid problems getting paid.

There's still time to avoid a penalty if you didn't pay enough taxes in 2022. The deadline for fourth-quarter estimated tax payments is Jan. 17.

The answer to that question is one factor determining whether some vehicles qualify for the EV tax credit.

Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.

The IRS has struggled to process tax returns and answer taxpayer questions over the past three years. The 2023 tax season opens Jan. 23. Will things be better?

Check to see if you qualify for a tax extension.

The IRS will start accepting 2022 tax returns for individual filers on Jan. 23, the agency announced Thursday.

Everything you need to know about filing taxes in 2023.

This is how you can get your 2023 tax refund as soon as possible.

After another challenging year for the IRS in 2022, the agency may be primed for a better 2023 tax season, according to the Taxpayer Advocate Service.

The end of Covid-era boosts to tax breaks mean you could be in for a bigger tax bill or a smaller refund.

Some Twitter users calculated what the value of the Mega Millions jackpot would be after tax — the results are disappointing for winners but good news for the IRS.

In a heated exchange, CNN anchor Jake Tapper clashed with Rep. Mike Johnson, R-La., over Republican claims that new IRS funding would lead to 87,000 "agents."

This is how you can get your 2023 tax refund as soon as possible.

1st bill out of new GOP-majority House would cut $71 billion from IRS, cost $114 billion

House Republicans have began their tenure in the majority by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS.

House Republicans fulfilled a key campaign promise on Monday, passing legislation to rescind the bulk of an IRS funding boost signed into law last year, marking the first bill passed by the GOP-controlled House this Congress. The bill, which is unlikely to see action in the Democratic-controlled Senate, passed in a party-line 221-210 vote on…

Inflation has a way of affecting nearly every aspect of our finances. Here are major changes to watch for in 2023.

The IRS finished issuing relief to people who qualified for a federal tax break on up to $10,200 of unemployment compensation received in 2020.

Changes to tax rules could mean less money for you.

Monthly IRS audit data analyzed by Syracuse University revealed that the lowest income bracket is five times more likely to face an audit than are the wealthiest taxpayers.

The government is offering a hefty tax credit to buyers of electric vehicles, but taking advantage of it is not straightforward. Here's what you need to know.

The tax agency said millions of workers paid tax on unemployment aid that they didn't owe.

This is how you can get your 2023 tax refund as soon as possible.

The fourth-quarter estimated tax deadline is Jan. 17. Here's how to avoid a 'surprise tax bill' for 2022, according to the IRS.

The tax deadline is different this year.

Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.

This is how you can get your 2023 tax refund as soon as possible.

This is how you can get your 2023 tax refund as soon as possible.

Tax day is sooner than you think.

If the winner were to take the lump-sum cash option of $403.8 million, the federal tax withholding would be $96.9 million — and more likely would be owed.

Too many Republicans agreed to a $1.7 trillion omnibus spending deal including full funding for the IRS expansion.

Why can’t America be as great as the Faroe Islands?

Photo Illustration by Luis G. Rendon/The Daily Beast/GettyDon’t let the cynics who know little about our tax system trick you into thinking there was nothing all that new or important in the six years of Donald Trump’s taxes released Friday by the House Ways and Means Committee.In fact, even if some of it was previously teased by the committee, the dump includes a cornucopia of information that affects your wallet—including powerful evidence of criminal tax evasion.Among other things, Trump’s ta

The failure to do so is outrageous and needs to be investigated.

The Democratic-led panel released the financial documents for six years, capping a protracted legal and political battle that could have been prevented had former president Donald Trump followed presidential precedent and released his returns voluntarily.

After waiting seven years, the public gets its first view of the ex-president's returns, which document his aggressive efforts to avoid paying taxes.

A House committee investigating the former president is set to release more details of his returns on Friday.

Former President Donald Trump’s tax returns are expected to be released by the House Ways and Means Committee on Friday.

Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.

The House has taken action after disclosures the IRS never fully reviewed Donald Trump’s tax returns during his presidency.

An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny.

A congressional panel says the IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency.

Treasury Secretary Janet Yellen is laying out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges.

Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring.

President Joe Biden has signed Democrats’ landmark climate change and health care bill.

Democrats have pushed their landmark climate and health care bill through Congress, handing an election-year victory to President Joe Biden.

Monday is Tax Day, the federal deadline for individual tax filings and payments.

Millions of Americans wait until the last minute to file their taxes, and this year is no exception.

For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.

The IRS criminal investigation arm tasked with tracking down sanctioned Russian oligarchs' property failed to receive an infusion of money in the Ukraine aid package.

You likely know what “income” means, and of course you’re aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?

Congress is racing to pass a mammoth $1.5 trillion legislative package that would fund the government for the rest of the year.

Whether you’re new to owning your own business or a seasoned vet, taxes can be so stressful. It’s easy to overlook things or simply forget an item here and there.

Tax season is officially here, meaning you have the next couple months to get those returns filed! This year’s IRS deadline is April 18.

Alternative finance has captured the attention of investors across the U.S. As the 2022 tax season approaches, traders who are new to cryptocurrency taxation will have to contend with the IRS’ rules for reporting on taxable events.

The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due.

U.S. taxpayers, brace yourselves because tax filing season starts Monday and you can expect the task to be more cumbersome than usual this year.

For those who plan on donating to a charitable organization for Giving Tuesday, there could be some opportunities to receive money back when filing taxes next year.

Don't focus on the bottom line.

What does Bitcoin have to do with roads and bridges.

A Republican senator who helped negotiate a nearly trillion-dollar bipartisan infrastructure bill says a proposal to strengthen IRS enforcement to raise money to help pay for the bill's spending is officially off the table.

Vice President Kamala Harris is visiting a child care center to highlight the Biden administration’s efforts to expand child care and relieve the financial pressures of parenthood.

Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.

A U.S. tax court has handed a major victory to the estate of Michael Jackson in a years-long battle.

President Joe Biden is scheduled to deliver a speech about the $2 trillion American Jobs Plan at 1:45 p.m. on Wednesday from the White House. Vice President Kamala Harris is also scheduled to attend.

If you already anticipate needing some extra time to file your federal tax return, there’s some good news. You can always file for an extension.

If you grew up watching your parents get stressed around tax season, then you're probably not looking forward to filing yourself for the first time.

Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

Even if we think we have some knowledge about anything tax-related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

Tax season can be a reason to laugh, as these famous TV episodes showed.

How do I know if I quality for the American Rescue Plan stimulus check? Will I get a $1,400 check? Third Stimulus Check Calculator - American Rescue Plan Who won’t get a $1,400 check? You should automatically qualify to receive a third stimulus check, most notably if you received a first and second round of payments. If you receive your income tax payment through direct deposit, your check will be deposited in that account.

A common aspect of the COVID-19 pandemic over the past two or so years has been more employees working remotely, but that doesn’t necessarily mean all those people were working from their homes.

Willie Nelson owed millions in taxes, so the IRS came up with an idea to help.

Tax season is busier than usual for professional athletes and the people they put in charge of their taxes.

These 10 celebrities found out the hard way not to mess with the IRS.

Are you knee-deep in receipts, 1099 forms and W2s? Or are you all done?

If you’ve finally gotten your taxes filed, you’re probably ready to put it all away and move on. Have you considered which documents you should keep? And for how long?

When it comes to tax write-offs, many people will stretch the limits to see what they can get away with.

It is easy to put off doing your taxes until the last minute. No one likes to deal with the IRS, and sometimes, procrastination happens as a result.

Regardless of whether you’ve paid someone for help or tried to do it on your own, even just gathering all the data you need for filing your federal income taxes can seem daunting.

The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. (AP Photo/Eric Gay)The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. A number of tax preparation companies said that they were able to resolve the issues. The IRS said Tuesday that it worked over the weekend to help a smaller set of impacted taxpayers and is reissuing payments for eligible taxpayers whose accounts may have been closed. No action is needed for most eligible taxpayers to get the payment.

The U.S. Treasury and IRS have sent out the bulk of the second economic impact payments, which are intended to provide some relief to Americans. However, frustration is high among millions of people who did not receive payments yet and must wait for the mail or file their taxes before they receive it. If you are eligible, check the IRS Get My Payment tool on its website to find out the status of you payment. However, some people may find that they get their payment in a different form this time than last. If you get the “Payment Status #2 – Not Available” message, then you will not receive the payment and instead need to claim it on your tax return.

A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. Some payments are also being sent via paper check or debit cards during the month of January. However, many people said that they checked the IRS site and found their payments were sent to an account they did not recognize. “We are partnering with the IRS to help taxpayers receive their payments as quickly as possible." The payments are automatic, and people should not contact their financial institutions or the IRS with payment timing questions.

It’s worth noting that unemployment benefits are all subject to federal taxes but not all states tax it. As such, people who did not receive their payment or only got a partial payment can resolve this issue on their 2020 taxes when they file. Another big issue is for those who relocated or moved during the pandemic, which could complicate where they need to report and pay state taxes, Pyron said. Workers may need to file taxes in multiple states. The IRS continues to urge taxpayers to file their taxes online and use other online tools whenever possible.