Taxes

As the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season. But penalties can be costly, experts say.

If Congress doesn’t address the soon-expiring expanded child tax credit, parents could see a higher tax bill in the coming years.

Nearly one-third of Americans procrastinate filing their taxes. But here’s why you shouldn’t wait this season, experts say.

Tax season officially started January 27 and the IRS expects more than 140 million tax returns to be filed by the April 15 tax deadline. So how long will it take to get your refund?

DOGE wants access to filers’ data, and the commerce secretary says Trump wants to scrap the IRS altogether. But filing a return remains mandatory — the earlier the better, tax advisers say.

The IRS is poised to lay off thousands of “probationary” employees this week, meaning those with two years or less on the job.

Waiting to the last minute to file your taxes means either postponing your refund or leaving yourself little flexibility if you owe a bill.

Contributing to a tax-advantaged account such as an IRA or HSA can help shield money from your 2024 taxes.

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

Nearly 1 in 5 eligible taxpayers miss the earned income tax credit, which was worth an average of $2,743 in 2023, according to the IRS.

It’s tax season again in the United States and as residents file for the 2024 tax year, one of the questions most often asked is “Where is my refund?” The IRS recently announced Jan. 27 as the official start date of the 2025 tax season, and expects more than 140 million tax returns to be filed by the April 15…

A refund status check requires the individual’s Social Security Number and declaration status, as well as the exact dollar total of the expected refund.

It’s tax season again in the United States and as residents file for the 2024 tax year, one of the questions most often asked is “Where is my refund?” The IRS recently announced Jan. 27 as the official start date of the 2025 tax season, and expects more than 140 million tax returns to be filed by the April 15…

The agency announced a series of expanded and new programs designed to aid the tax filing process as a part of a modernization effort initiated by the 2022 passing of the Inflation Reduction Act.

The Internal Revenue Service announced that the tax season will kick off Jan. 27, 2025 — not only that, but this tax season will also feature more tools to help taxpayers. The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 federal deadline. This season, taxpayers in 13…

Thousands of families with children in New York could get more money in their pockets thanks to a new proposal. Gov. Kathy Hochul proposed a expansion of New York’s child tax credit that would give an annual tax credit up to $1,000 per child under age 4 and up to $500 per child from 4 through 16. This proposal represents…

Your paycheck could be slightly bigger in 2025 due to IRS inflation adjustments to the federal income tax brackets. Here’s what to know.

Making a few savvy moves before the end of the year can help lower the tax bill you pay in April.

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check. The IRS said it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their…

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks.