These schemes often involve the misuse of tax credits that are only available in specific situations, such as the Fuel Tax ...

The SECURE 2.0 Act is built on original 2019 legislation and includes more than 90 provisions designed to expand retirement ...

The U.S. Treasury Department and the Internal Revenue Service (IRS) have issued the final regulations for retirement ...

The IRS is tackling tax fraud, a significant issue costing billions in unpaid taxes, by incentivizing citizens to report ...

Filing your tax return on paper can also lead to delays. The IRS processes electronic returns much faster, typically within three weeks, while paper returns can take six weeks or more. To expedite ...

The “no tax on tips” provision lasts only from 2025 through 2028. And the tax-free status would phase out for single ...

The IRS has issued final regulations on SECURE 2.0 Act catch-up contribution provisions. Depending on your income, those may ...

The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...

Generally, after September 30, 2025, the Treasury Department has said that all federal agencies will cease sending and ...

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

Quarterly estimated tax payments apply to individuals and businesses whose income is not fully covered by withholding.

The final regulations are similar to the proposed regulations issued in January, with some changes that the IRS said were ...