IRS processed 15.8% fewer income tax returns in the first week of the 2025 tax season than it did a year ago. Why? What does ...

Even though the 2025 tax season has only been open less than two full weeks, the IRS has already been busy processing tax returns and issuing tax refunds. Not mine — I'm still a ways away from sitting ...

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

Income taxes don't end just because you've reached your senior years. In some cases, federal tax returns for seniors are ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

The IRS expects more than 140 million individual tax returns for the tax year 2024 to be filed before the April 15 federal ...

President Donald Trump pitched the idea of eliminating the federal income tax entirely to instead tariff and tax foreign ...

The Earned Income Tax Credit is a federal tax benefit for workers with low or moderate incomes, regardless of whether they ...

Elon Musk posted that the IRS Direct File group had been "deleted," prompting confusion about the free tax prep service's ...

Filing taxes for the first time—or even after years of doing so—can feel overwhelming. With new tax laws, updated filing ...

Michigan's income tax rate returned to 4.25% for individuals for 2024 income. That's up from the temporary 4.05% rate in 2023 ...

The state’s income tax filing season kicked off Tuesday. The Minnesota Department of Revenue will now accept individual income tax returns for tax year 2014. Taxpayers will have until April ...