There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

The IRS generally issues refunds within 21 days for taxpayers who file electronically and choose direct deposit. Paper ...

This year will be a pivotal year for tax policy and will have far-reaching consequences for our economy and democracy. It is important that the people understand what is at stake. This Tax Justice and ...

The IRS provides straightforward instructions with the form to help you get it right but always check with a tax professional if your tax situation is a little complicated and you're unsure. Article ...

It's important to understand what a tax extension does and doesn't do or you could end up making costly mistakes.

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for ...

If you are at least 65 or blind, you can claim an additional standard deduction benefit worth $1,950 for 2024. The extra deduction amount is doubled if you and your spouse meet that criteria. For ...

Tax season can be daunting, especially when faced with a bill you can't immediately pay. Understanding your options with the ...

W hen it comes to filing taxes in the United States, having a Taxpayer Identification Number (TIN) is essential. This number ...

Another change to the tax code could mean you get a higher refund this year. A state law that went into effect in January ...

"It's taxable income," said Matthew Foreman, a tax attorney and partner at law firm Falcon Rappaport & Berkman. The winnings are income even if the prediction platforms don't send a notice formally ...

The National Treasury Employees Union president advised all federal workers not to accept the buyout offer, which she says is ...