Income Tax
Latest News
Starting in 2025, the IRS Will Accept Duplicate Dependent Returns With an IP PIN
House Tax-Exempt Crackdown Bill Passes Despite Democrat Defections
Retailers Tell Senate Credit Card ‘Swipe’ Fees are ‘Adding Inflationary Pressure to the U.S. Economy’
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
DraftKings Ditches Plan to Charge Extra Fees in High-Tax States
The sports-betting company said it would scrap its plan to add a "gaming tax surcharge" to winning bets in 2025.
Harris, Trump Duel for Voters With Budget-Busting Tax Proposals
The presidential candidates are trying to court voters in key battleground states ahead of a battle to rewrite the tax code.
Massachusetts Collects $2.2B From ‘Millionaires Tax’
The 4% surtax on incomes over $1 million, also known as the “Fair Share Amendment,” was approved by voters in 2022.
IRS Direct File Tool Now an Option for New Mexico Residents
New Mexico became the fourth new state that can use the IRS's new system for filing federal taxes during the 2025 tax season.
Pennsylvania to join IRS Direct File
Gov. Josh Shapiro and his staff worked with the Treasury Department to bring the program to the state for the 2025 tax season.
IRS Processing More Employee Retention Credit Claims—But With Added Scrutiny
The IRS is accelerating payments to businesses that had submitted legit claims for the ERC while continuing to weed out incorrect claims.
IRS Shares New Draft Version of Crypto Tax Form
The fresh draft version of Form 1099-DA comes on the heels of the final regulations on crypto broker requirements being issued in June.
Vance Floats $5,000 Child Tax Credit
JD Vance didn't offer specifics on who would qualify for the tax credit if expanded from its existing maximum of $2,000 per child.