Taxes

Kansas could phase out its corporate income tax under a measure that also would expand its incentives for attracting new businesses, and the provision is a problem as lawmakers rush to help the state attract an undisclosed multibillion-dollar project.

A new report from SmartAsset found which states’ residents had the highest average tax bill after underpaying the IRS.

Inflation is already hitting your wallet and it may also take a bite out of your tax return.

A bill that would have created a first-of-its-kind, universal health care system died in the California state legislature on Monday after progressive Democrats failed to secure the necessary support for the legislation.

Senate Democrats sent a letter to President Biden and Vice President Harris pushing for an extension to child tax credit payments. Here's what you can do if you are struggling financially.

FOX Business host Larry Kudlow breaks down the benefits of Trump's tax cuts on 'Kudlow.'

The 2022 tax season is officially underway, and the IRS has one request for Americans looking to get their refund faster: File your return electronically and as soon as possible.

The Treasury Department is reassessing the Internal Revenue Service’s use of third-party facial recognition software ID.me for access to taxpayer accounts amid growing concerns about the company's privacy practices.

Millions of small business owners who rely on payment apps like Venmo, PayPal and Cashapp could be subject to a new tax law that just took effect in January.

The IRS says it has been taking steps to help taxpayers avoid confusion and provide relief as the coronavirus pandemic rages on.

A crucial letter that will help child tax credit recipients figure out how much money the IRS still owes them may contain incorrect information.

Taxpayers have more items to navigate this year than ever before, all while working with an IRS that is increasingly underwater.

Iowa Republicans on Monday unveiled a proposal to exempt pensions and other retirement income from state taxes, a move intended to keep retired Iowans in the state.

Americans for Tax Reform President Grover Norquist discusses Biden's latest IRS push and the impact it will have on independent contractors and those who have a 'side hustle.'

With tax season quickly approaching, some families should prepare for lower-than-normal tax returns due to changes from the American Rescue Act.

The IRS has one request for Americans looking to get their tax refund as quickly as possible: File your return electronically and as soon as possible.

Tax season officially begins on Monday, and the IRS is already warning of a "challenging" season for taxpayers. Here's what you need to know.

Multiple factors, including a IRS worker shortage, an enormous workload from administering pandemic-related programs and stalled legislation that would have given the agency billions of dollars will combine to cause taxpayers pain this filing season.