U.S. crypto investors now have just over two weeks to execute any final sales before sweeping IRS reporting rules go live on ...

Much of the extra refund money next year will go to upper-income households, he said. That's largely due to a temporarily higher $40,000 deduction on state and local taxes, he said. That so-called ...

The IRS released initial details on Trump accounts, a new type of IRA for some children. Also, a billionaire business executive pledged $6.25 billion to provide 25 million children with a $250 ...

The 1040X isn’t hard. There are three columns: column A is the original figure from the first return, column B is the change ...

WASHINGTON (AP) — IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed. An email sent Monday from IRS official ...

The Internal Revenue Service began furloughing nearly half its staff Wednesday because of the ongoing government shutdown, sparking chaos and confusion among employees as the news rippled through ...

WASHINGTON (AP) — The IRS will furlough nearly of its workforce as part of the ongoing government shutdown, according to the an updated contingency plan posted Wednesday to the agency website. Most ...

The IRS will not immediately be impacted by the partial government shutdown that began on Wednesday, Oct. 1. Congressional leaders failed to agree on funding legislation necessary for the U.S.

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Since 2022, the IRS has witnessed a concerning surge in refund claims. The most recent of these stems from deceptive social media posts and individuals pretending to be tax experts, luring ...