Americans could get some financial relief next year when the IRS adjusts its federal income tax brackets for inflation, a ...

The IRS said Thursday it will delay making changes to certain information returns or withholding tables, as part of its phased implementation of H.R. 1, P.L. 119-21, commonly known as the One Big ...

Recent IRS data highlights a stark divide in tax payments, revealing a progressive system where the wealthiest pay the most.

The Internal Revenue Service released in late December 2024 the covered compensation tables for plan sponsors to determine 2025 benefits for qualified plans that offer additional contributions or ...

The agency has said thousands of taxpayers have filed inaccurate returns after following misleading social media advice.

Official IRS data reveals a stark divide in tax payments. But do the numbers tell the whole story of financial pressure for American households?

Navigating the complexities of Required Minimum Distributions (RMDs) and lottery winnings can be daunting. Both have significant tax implications that can impact your financial planning.

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the 2025 tax year. That means eligible workers could claim the deduction when ...

Bloomberg Tax senior reporter Michael Rapoport discusses the departures of attorneys representing the IRS in court cases, and ...