Income Tax
Latest News
April Launches New Tax Filing Solution to Tackle Complex Financial Situations
Vero AI Launches Iris GRC
RSM Teams with Additive to Enhance Tax Service Capabilities Using Generative AI
Sikich Launches IAEdge for Internal Audit Compliance
IRS Direct File is Now Officially Open for Use in 12 States
The IRS moved the Direct File pilot out of the testing phase, allowing 19 million eligible taxpayers to use the free filing software.
Fewer People Are Getting Tax Refunds This Year, IRS Stats Show
Compared with a similar point in the tax season the previous year, there have been nearly 6 million fewer refunds, according to the IRS.
Capital Gains Hikes at the Center of Biden’s Second-Term Tax Agenda
The president's budget proposal is the opening round of a looming tax fight set to consume Washington next year.
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.