IRS distributing tax refunds slower than usual this year after delayed start
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.
Group of scientists call for new inquiry into COVID-19 origin
Dr. Steven Quay and IRS Independent Research president Rebecca Grant question probe of coronavirus onset.
How opening a high-yield savings account can help you prepare for big financial surprises in 2021
A high-yield savings account can save the day in a cash crunch.
Want to slash your 2020 tax bill? Do this before it's too late
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.
Tax groups urge IRS to consider penalty relief, deadline extension
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.
The secret to getting into the 0% tax bracket
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.
IRS postpones April 15 tax deadline for Texas residents, businesses
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.
No second stimulus check? Time to file your tax return
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.
IRS warns anew of 2021 tax scammers: 'very active and very creative'
Tax season has arrived along with scams aiming to steal your identity.
House Dems urge IRS to extend tax-filing deadline to July 15
A group of House Democrats is calling on the Internal Revenue Service to extend the tax-filing deadline by three months.
Republicans press IRS on backlog of over 11M unprocessed 2019 tax returns
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.
Did you get the right stimulus check amount? Why you need to know before filing your tax return
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.
Is student loan interest tax deductible?
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.
IRS mistakenly tells thousands of Americans they won't receive their stimulus checks
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.
Missing stimulus check money? How to claim the payment on your 2020 tax return
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.
Stimulus check calculator: Confirm you received full relief payment before filing 2020 tax return
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.
Can the IRS snatch your stimulus check money if you owe back taxes? What to know
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.
Varney: Biden’s proposed tax increases are ‘not just for the rich’
FOX Business' Stuart Varney on President Biden’s economic policy plans, arguing proposed tax hikes will apply to more than just rich Americans.
2021 tax season: What to prepare for
The start date for filing has already been pushed back.
IRS may have let $57M in ‘erroneous’ tax breaks slip through: watchdog
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.