Taxes

State and local governments are sitting on cash piles after fears about pandemic-related shortfalls were overblown.

Industry experts urged the Internal Revenue Service in a Tuesday letter to provide targeted relief for taxpayers ahead of what's likely to be "frustrating" tax season as the agency wades through a deluge of unprocessed returns from previous years.

Although the IRS paid out the last monthly installment of the expanded child tax credit in December, millions of parents should be on the lookout for a letter from the agency that will help them collect the remaining half of the money when they file their 2021 tax returns.

The Credible Money Coach helps retiree understand tax liabilities for $20,000 in retirement income.

California lawmakers unveiled a new bill at the beginning of the year that would establish a single-payer health care system – an ambitious plan that would be funded by nearly doubling the state's already-high taxes.

The Internal Revenue Service is prematurely sending some Americans collection notices, even though they filed their returns, as the agency works to wade through a deluge of unprocessed returns from years past.

The IRS will kick off the 2022 tax-filing season in a state of crisis as it grapples with a backlog of millions of unprocessed returns from one of the agency's "most challenging years."

The Internal Revenue Service will kick off the 2022 tax season this month, although it's already warning taxpayers to brace for delays as the agency wrestles with a massive pileup of unprocessed returns accrued during the pandemic.

California Gov. Gavin Newsom is looking to expand government health care

JPMorgan Chase CEO Jamie Dimon warned that President Biden’s proposal to crack down on wealthy tax evaders by requiring banks to report more customer information on most Americans' accounts to the Internal Revenue Service could potentially be “terrible.”

The Internal Revenue Service said Monday that it will begin accepting 2021 individual income tax returns on Jan. 24 – and administration officials are already warning of a “frustrating” season as the agency grapples with a backlog of returns from previous years.

A growing number of Americans migrated from predominantly blue states like California and New York to red states with lower taxes last year.

Inflation is back, at least for now, and that matters for your taxes.