(NEXSTAR) – There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible taxpayers fail to take advantage of the tax break each year. The Earned ...

The IRS has announced a one-time financial support of $1,700 for eligible families through the Child Tax Credit (CTC). This ...

IRS Direct File is back again this year with significantly expanded eligibility despite confusion over whether Elon Musk had “deleted” it. (He didn’t.) ...

The Internal Revenue Service launched a pilot program last year that allows people to file their taxes directly with the ...

Billionaire tech mogul Elon Musk posted on his social media site that he has "deleted" 18F, a government agency that worked ...

Every year in January, the IRS dedicates a day to Earned Income Tax Credit (EITC) awareness. This tax credit, also known as the earned income credit (EIC) allows eligible people with low-to ...

Tax season is officially underway, as the Internal Revenue Service started processing returns Monday. The agency expects more than 140 million individual tax returns for tax year 2024 to be filed ...

Some typical forms of PTIN misuse include: To protect against these risks, the IRS reminds tax professionals to regularly check their PTIN accounts for suspicious activity and report any suspected ...

The IRS has a slew of online resources to help with difficult tax issues. Here are additional resources if you need more guidance. Macy Meyer is a North Carolina native who graduated from UNC ...

Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about ...

As the tax season approaches, it's crucial for businesses to submit wage statements and information returns to the IRS by January 31.