Income Tax
Latest News
IRS ‘Get Ready’ Campaign Helps Taxpayers Prepare for Filing Season
Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
Professionals on the Move – Nov. 2024
TIGTA: IRS’s Decision to Destroy 30 Million Paper Returns Was ‘Reasonable’
The agency's actions, which were reported by TIGTA in May 2022, drew scrutiny from lawmakers and tax professionals.
2024 IRS Tax Brackets, Standard Deductions
While the actual percentages will remain the same, the income levels of each bracket change annually to adjust to inflation.
Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’
Treasury secretary says cutting IRS funding to pay for Republicans’ $14.3 billion Israel aid bill would be “damaging and irresponsible.”
IRS OKs E-Signatures to Be Used on a Slew of Forms Indefinitely
The agency said Monday it will continue to allow alternatives to handwritten signatures to be accepted for certain tax documents.
IRS Boosts Hiring for Taxpayer Assistance Centers
The agency has increased staffing at its TACs by 31% during FY 2023 thanks to funding from the Inflation Reduction Act.
IRS Starts Business Tax Accounts
The business tax accounts are part of a continuing effort to improve IRS taxpayer services and make the agency more tech-friendly.
IRS Has Collected $160 Million in Back Taxes From Millionaires This Year
The agency said it recently recovered $122 million from 100 wealthy earners, in addition to $38 million collected earlier this year.
Tax Benefits of 2023 Year-End Charitable Gifts
Keep this tax break in your hip pocket as the year winds down.