In 2021, the difference between what U.S. taxpayers owed the federal government and what they paid hit nearly $700 billion.

Year-end is when participants who defer income in nonqualified plans choose how much to squirrel away. The 2025 IRS limits on ...

If you want to avoid complications when filing your U.S. tax return, filing it as soon as possible is highly recommended.

This tax reporting change will be implemented in phases. It could be delayed again, but freelancers should plan ahead.

The final regulations on the sale of property seized by the IRS through a levy for nonpayment of taxes provide a long overdue ...

Corey Feldman fired back at his estranged wife, Courtney Feldman’s, plea for $5,000 a month in support and claimed he doesn’t ...

When civil and criminal penalties don't deter people from skipping out on their taxes, the IRS has other tools it can use.

The dollar limit for catch-up contributions (if age 50 or older) remains the same as the 2024 limit and the IRS announced the catch-up contributions for participants who attain age 60, 61, 62 or 63 in ...

The agency last week announced increases to the standard deduction in its annual inflation adjustments for 2025. For single ...

– Earned Income Tax Credits. For qualifying taxpayers who have three or more qualifying children, the tax year 2025 maximum Earned Income Tax Credit amount is $8,046, an increase from $7,830 for tax ...

The IRS announcement comes roughly one week after the agency unveiled dozens of inflation adjustments for 2025, ...