As the new year unfolds, taxpayers in the United States face the annual task of filing their tax returns with the IRS.

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division. The IRS has audited significantly less than 1% of all individual returns ...

"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 ...

While taxes often seem like an unavoidable burden, they can also offer unexpected benefits. The IRS recently announced a ...

If you don't think you can finish filing your income taxes by the April 15 deadline, you have options. To start, you can file ...

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 ...

On Friday, the IRS released initial statistics comparing the end of January 2025 with early February 2024. As of Feb. 7, 2025 ...

Here's when the last day to file taxes is, what documents you'll need, new forms for the 2024-25 tax season and how to track ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

Navigating the complexities of tax refunds can be daunting, but understanding the IRS deadlines is crucial. Learn about the ...

The IRS expects more than 140 million individual tax returns for tax year 2024. Here's how to make your filing and refund go smoothly.

Most taxpayers can expect to receive their refund in a matter of weeks. We’ll show you how you can check up on the status of ...