Though all received income tax reductions, working-class Americans received substantially higher tax rate cuts than the ...

Since the Republican Congress began debating the bill that eventually became the Tax Cuts and Jobs Act, leftists have accused ...

Here are five scary things the IRS can do if you owe tax debt and some ways to avoid them. In most cases, the IRS contacts you directly about settling tax debts, but it sometimes turns to private ...

The lifetime learning credit is worth up to $2,000 per tax return – reducing your tax liability dollar for dollar – and you ...

Zach Gibson/Getty Images The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service (IRS). IRS penalties are typically assessed for violations of tax ...

Most U.S. taxpayers must submit their 2024 federal income tax return by April 15, 2025. The IRS recommends e-filing for faster processing and refunds. Under Donald Trump's regime, most taxpayers ...

President Trump’s tariffs are scrambling the Republican plan for the economy, long centered on tax cuts and growth.

The Trump administration says staff reductions at the IRS will not impact taxpayer services, but employees say otherwise. The April 15 deadline to file a federal income tax return or request an ...

In all, the IRS expects over 140 million individual returns for tax year 2024 by the April 15 federal deadline. Over $195 billion has been refunded this cycle, according to IRS records ...

Get help from the IRS’s tools or the Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs. The IRS finally cleared a backlog of tax returns caused by COVID-19-related ...

The IRS had received nearly 1 million fewer tax returns, or 1.1% less, than the agency had received in the same period last year, as of March 21. The drop by itself isn’t necessarily a concern ...