The Internal Revenue Service reported last week the total dollar amount of tax refunds was down 59.2% through Feb. 19, exactly one week after the start of tax season.
Dr. Steven Quay and IRS Independent Research president Rebecca Grant question probe of coronavirus onset.
A high-yield savings account can save the day in a cash crunch.
If you have a little extra cash you won't need anytime soon, you can make a prior-year traditional IRA contribution and reap the benefits now and in retirement. Here's a closer look at how it works and what kind of a difference it can make for your taxes.
The truncated 2021 tax season is expected to be another challenging year for payers and preparers, and various groups are already lobbying the IRS to provide avenues for relief.
If you're tired of giving away the majority of your income to taxes, there's a way around that. You can legally decrease or completely eliminate your tax bill by taking advantage of some of the perks in the tax code.
The Internal Revenue Service extended the April 15 tax-filing and payment deadline to June 15 for all residents and businesses in Texas, citing the damage caused by the recent winter storms and power outages in the state.
The IRS said last week that it had officially finished issuing all of its first and second round economic impact payments, with the intent of turning its full attention to tax season.
Tax season has arrived along with scams aiming to steal your identity.
A group of House Democrats is calling on the Internal Revenue Service to extend the tax-filing deadline by three months.
Republicans members of the House Ways and Means Committee wrote a letter to the IRS this week regarding millions of tax returns that have yet to be processed from last year, even though the current tax season is underway.
Americans who have not received their coronavirus stimulus check payments, or who received the incorrect amount, have an opportunity to claim the missing money now that the 2020 tax season is officially underway.
If you’re currently repaying student loan debt, you may qualify for the student loan interest deduction. This above-the-line deduction allows you to take up to $2,500 off of your taxable income.
The IRS mistakenly told tens of thousands of Americans that the agency was offsetting their stimulus payments because of unpaid federal debt from 14 years ago.
The Internal Revenue Service is essentially done sending stimulus checks for now, but if you didn't receive your fully promised payment, don't worry — there's a quick fix.
The Internal Revenue Service is basically done sending stimulus checks, but if you didn't receive your fully promised payment, don't fret — there's a quick fix.
For millions of Americans who did not receive their second coronavirus stimulus check, there's a quick fix: Claim the missing money when you file your 2020 tax return.
FOX Business' Stuart Varney on President Biden’s economic policy plans, arguing proposed tax hikes will apply to more than just rich Americans.
The start date for filing has already been pushed back.
The inspector general’s office said it found 12,980 returns filed last year that claimed about $57 million in “potentially erroneous” business-income deductions even though the IRS has developed more than a dozen rules to spot such faulty filings.