Americans in this state are the biggest tax procrastinators: survey
Wyoming topped the list as the state with the biggest procrastination problem for the second year running, according to the IPX 1031 survey.
IRS free tax-filing pilot program is officially open in some states
A select number of taxpayers in 12 different states can now file their federal income taxes for free with the IRS through its pilot "Direct File" program.
New IRS crackdown on 'high-income' tax cheats owing hundreds of millions
The IRS has announced a large scale crackdown on high earning tax cheats who owe the agency hundreds of millions of dollars in unpaid taxes.
The IRS has delivered 20M tax refunds so far. This is the average amount
The IRS has provided an early glimpse at tax refund data, revealing just how much money taxpayers can expect to receive from Uncle Sam this filing season.
A step-by-step guide on filing your taxes without a CPA
Tax season can be a point of stress for Americans. This guide outlines the steps to filing your taxes if you choose to go through the process without a CPA.
Where's my tax refund? How to track your payment from the IRS
If you have already filed your tax return for 2023 and have a refund coming, there is a quick way to track it using the IRS' "Where's my refund" tool.
The IRS is cracking down on corporate jet usage by wealthy Americans, corporations
The IRS announced that it is going to ramp up audits of corporate jet usage as part of its push to collect more in unpaid taxes from wealthy Americans.
You could face a nasty tax shock in 2024
Americans who fail to make on-time and accurate estimated quarterly tax payments could be hit with a surprise bill after the IRS penalty jumped to 8%.
How you can pay a 0% tax rate on capital gains
The 0% tax on long-term capital gains can amount to serious savings for taxpayers, but it's a complicated and often overlooked aspect of the U.S. tax code.
Your tax bill could be much lower this year – here's why
The IRS makes annual adjustments to the federal income tax bracket in order to account for inflation, which allows Americans to boost their take-home pay.
IRS left sensitive taxpayer info vulnerable to leaks, Inspector General finds
Sensitive taxpayer information is vulnerable to access and removal because of poor Internal Revenue Service security, determined an inspector general investigation prompted by a recent leak scandal involving former President Trump's tax returns.
Tax refunds are much smaller so far this year, IRS says
Early data published by the IRS indicates the average tax refund is worth about $1,395 so far this year, a sharp drop from the 2023 filing season.
Your tax refund could be bigger this year – here's why
Americans may receive a bigger tax refund this year, thanks to the annual adjustments that the IRS makes to the tax brackets to account for high inflation.
SALT tax cap could get a revamp, meaning millions get a bigger tax refund this year
The Trump-era limit on state and local tax deductions may be temporarily overhauled for married couples, setting up millions to receive a bigger refund.
Sen. John Thune demands answers from IRS over TikTok use despite ban
Sen. John Thune, R-S.D., discusses whether China stole U.S. tax information via TikTok on 'Varney & Co.'
Made money on Venmo or PayPal last year? What you need to know about your taxes
A controversial new tax-reporting policy involving payments on e-commerce platforms like eBay and Etsy will begin to go into effect in 2024, the IRS said.
Tax season has officially started: Here's everything you need to know before filing
The IRS said that tax season officially begins on Monday, Jan. 29. Here is everything that individual taxpayers need to know before filing their returns.
Owners of famous Philly cheesesteak chain sentenced in $8M tax fraud scheme
Two owners of Tony Luke's in South Philadelphia, which is known for their popular cheesesteak sandwiches, were sentenced to prison for tax fraud.
Social Security recipients could get hit with a surprise tax bill this year
The record-high Social Security cost-of-living bump that beneficiaries received in 2023 could come back to bite them during this year's tax-filing season.
IRS to start simplifying notices to taxpayers this year
The IRS said Tuesday that it will simplify the "difficult to understand" notices that it sends to taxpayers as part of the $80 billion modernization push.