These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds ...

So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January ...

Amidst the 2024 tax season, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your ...

Tax deductions, tax credit amounts, and some tax laws have changed since you filed your last federal income tax return.

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

The IRS has unveiled the updated tax brackets and standard deductions for the 2025 tax year, reflecting adjustments for ...

Tax season is upon us and it's time to gather documents and make preparations for filing returns. If you know you might have to pay this year, you may put it off for a while. And then there are ...

A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act of 2025 ... the need for the IRS. If enacted, the national consumption tax rate would be a tax-inclusive rate ...

How soon can you expect the IRS to accept your 2024 federal income returns? Well, early filers, we now know the official date. The Internal Revenue Service gave the kickoff date for the 2025 tax ...

These latest changes come right in time for taxpayers to prepare for the 2025 ... week's IRS statement. Audits and jail time are also on the table if you are found culpable of tax fraud.