Income Tax
Latest News
U.S. Consumer Inflation Outlook Fell Slightly, Fed Survey Shows
KSM Adds Valuation Firm ValueKnowledge in Illinois
How AI is Reshaping the Future of Finance
EY Acquires HR Tech Consulting Firm Jubilant
IRS Isn’t Raising Tax Interest Rates in Q2 2024
Starting on April 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
Corporate Jet Use by Super-Wealthy Is Latest IRS Crackdown Push
Audits this spring will look at where inappropriate deductions were made and where personal travel by jet wasn’t logged as income.
IRS Stresses It Will Issue More Refunds If Child Tax Credit Bill Passes
IRS Commissioner Daniel Werfel says parents don’t need to wait to file their 2024 tax return while the bill sits in the Senate.
$1,741 Is the Average Tax Refund So Far, IRS Says
The average tax refund is down more than 20% over last year, according to the latest statistics from the IRS.
How Work From Home Will Save More Small Business Owners on Taxes This Filing Season
As more entrepreneurs embrace remote and hybrid work, they are making sure to write off their home office—but know the rules first.
IRS-CI Chief Jim Lee Will Call It a Career in April
Lee, a 29-year veteran of the agency who has served as chief of IRS Criminal Investigation since 2020, will retire on April 6.
Several Taxpayer Assistance Centers to Have Saturday Hours, IRS Says
The special Saturday openings will take place from 9 a.m. to 4 p.m. on Feb. 24, March 16, April 13, and May 18.
IRS Help Calls Expected to Surge After President’s Day
The IRS is encouraging taxpayers who need help to use its online tools before they call the agency for help.