Income Tax

This relief was provided to certain RMDs in 2021, 2022, and 2023, and is being extended in Notice 2024-35 to 2024.

It’s Tax Day, so there’s no better time for the IRS to pat itself on the back for a job well done as filing season ends for most Americans.

The use of such referral and information services would be excluded from employees' taxable gross income, according to the IRS.

President Joe Biden and first lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in AGI last year.

Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion.

By taking the right steps, it's possible to avoid overpaying taxes and enjoy tax benefits.

These additional census tracts were determined to meet the description of eligible census tracts in Notice 2024-20, the IRS said.