The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation, but also due to ...

The IRS is walking back an earlier promise to provide its furloughed workers back pay. The tax agency had notified its employees on Wednesday that they would be “compensated on the earliest date ...

Some taxpayers are facing important Internal Revenue Service (IRS) deadlines in October. Missing IRS deadlines can carry financial consequences. Failure to file and pay a tax return on time can result ...

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

The IRS shared guidance Wednesday suggesting furloughed employees are guaranteed back pay under a 2019 law despite White House objections. “Although you will be placed in non-pay and non-duty status ...

The IRS now offers new tax breaks for workers. Eligible employees can keep more tips, overtime, and claim deductions, easing taxes and boosting take-home pay. The IRS has introduced new tax breaks for ...

A federal appeals court hears a lawsuit challenging IRS data sharing with ICE, which plaintiffs say targets undocumented immigrants for deportation. (Scripps News) House Democrat who confronted ...

According to Forbes, it is important to check all 1099 forms before filing. Most come in late January or early February but some may come throughout the year. If a 1099 is missing or has an error, you ...

The time it takes to receive a federal income tax refund could drag out six weeks and more next year for many people who are bound and determined to receive a paper check in the mail. Beginning next ...

If you earn tips or overtime, the IRS just made your 2025 tax season a little more interesting. A new draft form, Schedule 1-A, lets you claim deductions on those earnings, along with car loan ...