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IRS collects milestone $1 billion in back taxes from high-wealth cheats
The milestone is meant to showcase how the agency is making use of the money it received as part of the Biden administration’s Inflation Reduction Act. It comes as Republicans threatened cuts to the IRS.
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IRS has taken nearly 2 years to help tax identity theft victims get their refunds
Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements.
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IRS unveils plan to end another major tax loophole for the wealthy and raise $50 billion in the process
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
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These tax strategies can be a ‘silver lining' after a prolonged job layoff, advisor says
You could leverage tax planning strategies after unemployment if your income is lower in 2024, experts say. Here’s what to know.
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IRS announces Direct File as permanent free tax-filing option starting next year
The IRS announced that Direct File, a free tax-filing option for simplified tax returns, will be a permanent option starting next year.
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Hunter Biden's federal tax trial delayed until September
A judge delayed the start of Hunter Biden’s federal tax trial to September after a hearing Wednesday in a Los Angeles courtroom.
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California testing out gas tax alternative
The state is set to test out “Road Charge” fees to charge California drivers based on miles they drive every month. NBC Los Angeles’ Jonathan Gonzales reports.
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California wants to pay you $400 for ‘Road Charge' program
California is considering Road Charge, an alternative funding system that would replace the gas tax, which funds most of road repair maintenance projects.
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It's Tax Day. And your refund may be larger than usual this year
On this Tax Day, refunds are looking a bit bigger for taxpayers.
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IRS: You have ‘options' if you can't pay your taxes by the April 15 deadline
If you can’t pay your taxes by April 15, you have “options,” according to the IRS. Here’s what to know about payment plans.
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Got kids? Here's what to know about filing your 2023 taxes
Tax pros say there are a few tips parents should keep in mind when filing their tax returns this year.
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Tax tips for college students and their parents
There are lots of things college students and their parents should keep in mind before filing their taxes.
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Today is Tax Day. What happens if you don't file your taxes or file late?
Will the IRS fine you? Here’s what could happen if you fail to file your taxes by April 15 and how to request an extension.
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IRS adds ‘important update' for free Direct File pilot as federal tax deadline approaches
With one week until the tax deadline, the IRS has added an “important update” for Direct File, the agency’s free tax filing program. Here’s what to know.
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What happens if you miss the tax filing deadline?
The IRS provides some options if you are unable to file your tax return on time.
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Here's how to protect yourself from common scams this tax season
Scammers look for ways to trick people into giving them money year-round, but tax season can be particularly fraught. What you need to know.
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There's still time to reduce your tax bill or boost your refund before the deadline — here's how
There may be a deduction for contributions to a pretax individual retirement account, spousal IRA or health savings account.
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Tax changes small business owners should be aware of as the tax deadline looms
April 15 is still the annual tax deadline for many small businesses although, unlike individuals, small businesses can have varying deadlines depending on the type of company, the state the taxes are filed in, and other factors.
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The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?
More than 900,000 people have until May 17 to submit tax returns for unclaimed refunds for tax year 2020.
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Here are 3 key things to know with one month until the tax deadline
There’s just one month until the federal tax-filing deadline for most taxpayers. Here are three key things to know before submitting your return.