Income Tax
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
Recommendations Sought For Upcoming IRS Priority Guidance Plan
The projects included in the plan would be priorities for the Treasury and IRS to work on from July 1, 2024, through June 30, 2025.
IRS Tries to Clear Up Confusion on Medical Expenses
Expenditures for general health and wellness aren't considered medical expenses, regardless of some claims to the contrary.
Free File Program Filings Up Nearly 10% This Tax Season, IRS Says
As of Feb. 24, 943,000 taxpayers had filed returns using Free File, up from last year's comparable period of 860,000 returns filed.
IRS: Time is Running Out to Claim COVID Stimulus Credit
The refundable Recovery Rebate Credit is aimed at taxpayers who did not get one or more of their pandemic-era stimulus checks.
Would You Give Up Social Media For One Year to Never Pay Taxes Again?
Americans hate taxes so much that they would entertain some bizarre options for a tax-free life, according to WalletHub.
Ex-Trump Org CFO Pleads Guilty to Perjury in Fraud Case
Allen Weisselberg pleaded guilty to two first-degree perjury counts at a brief Manhattan Criminal Court hearing on March 4.
IRS Direct File Pilot Reaches Final Testing Phase
The program is moving forward despite pushback from makers of for-profit software such as TurboTax and H&R Block.
Biden Will Push Higher Taxes For the Wealthy in State of the Union
Biden's vow to raise taxes on the rich, which he expects to make during his speech on Thursday, faces obstacles in Congress.