Tax season started on January 27 and will end on April 15, with the IRS expecting around 140 million returns within that ...

The federal government readjusts tax brackets and the annual standard deduction each year to keep up with inflation. One ...

The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency’s plans, and cuts could happen as soon ...

IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained Elizabeth Young, director of tax practice and ethics for the American ...

Well, it’s time to recognize that “Day of Infamy” that comes up on every consumer’s yearly calendar, and I am not talking ...

Tax expert Turon Kendrick shares essential advice, emphasizing the importance of early but complete filing, ensuring all tax ...

The IRS started accepting 2024 tax returns on Jan. 27, and on Friday the agency posted the statistics so far from tax season ...

Early filing data reflects a nearly 8% downturn in tax returns received compared to the prior year. That’s on top of a 14% ...

Households are carrying record levels of debt. Balances climbed to $18.04 trillion in the fourth quarter of 2024, according ...

An eligibility check on the IRS.gov website indicates that Hawaii is not one of the 25 states participating in the “IRS Direct File ” online income tax filing program for federal returns. Why not, and ...

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.