Taxation

The IRS is preparing updated forms and guidance for 2026 to address new rules on tips and overtime pay under recent tax changes.

A $1,390 stimulus check is set to be issued by the IRS in mid-summer 2025, offering support to those facing financial challenges. Details on eligibility and payment methods remain limited…

The IRS is evaluating the potential removal of multilingual tax services, a move linked to President Trump's executive order establishing English as the official language. This decision could create challenges…

President Trump pledged to end taxes on Social Security benefits for seniors, a move that won widespread attention during his campaign. Now, a new deduction has arrived, but the math…

Newlywed? The IRS has important tips to avoid tax filing regrets. Follow this simple checklist to ensure a smooth process come 2026.

The IRS has quietly extended key tax deadlines for residents in several disaster-affected states. A new date has been set, and it could make a big difference for those still…

Selling your car might come with more than just extra cash. A little-known IRS rule could turn that deal into a taxable event. Many drivers overlook this until it's too…

The announcement is part of a broader effort by the IRS to address ongoing concerns about delays and confusion surrounding amended tax return processing.

The latest bill under President Trump promises major tax changes that could impact millions. With provisions eliminating taxes on tips, overtime pay, and some Social Security benefits, these reforms are…

The latest tax bill is shaking things up with major benefits for the wealthiest Americans. While the top 20% stand to gain over $6,000, the rest of the country may…

President Trump’s sweeping tax-cut and spending bill has cleared a crucial Senate hurdle, moving closer to passage. The legislation, which would extend tax cuts and fund military and border security…

Nearly 3 million New Yorkers will soon receive a property tax relief check as part of a $2.2 billion initiative. Find out how much you could get and when the…

A new tax proposal aims to exempt tips from federal income tax, potentially boosting earnings for millions of restaurant and delivery workers. While this change could increase take-home pay, it…

The Senate has quickly passed the No Tax on Tips Act with unanimous support, marking a rare bipartisan agreement. This new legislation offers significant tax relief for millions of workers…

A new Missouri bill could let residents make tax payments in gold and silver through digital platforms. Lawmakers say the move promotes financial freedom and currency diversification.

Newlyweds and new parents should stay informed about the tax credits and deductions available to maximize their benefits. Consulting a tax professional can help avoid surprises during tax season.

The IRS is distributing $2.4 billion to taxpayers who missed claiming the Recovery Rebate Credit. Payments will be automatically issued to those who qualify, with no action required from recipients.

Certain tax returns attract more IRS attention than others, often for reasons that can be avoided. Knowing what the agency looks for is key to staying under the radar.

Death doesn’t end taxation. Certain estates and inheritances may still be subject to levies, depending on where they are located.

As the March 14 deadline nears, US lawmakers scramble to find common ground on tax cuts and budget issues. The debate intensifies over funding priorities, including military and border security,…

Millions of Americans miss out on the Earned Income Tax Credit (EITC) each year, leaving billions of dollars unclaimed. Filing early and avoiding common mistakes may speed up refunds.

Elon Musk’s DOGE is seeking access to the IRS’s tightly controlled taxpayer database, a move that could expose millions of financial records. The White House backs the effort, claiming it…

New York leaders sound the alarm on a looming financial squeeze, warning of major tax hikes ahead. Billions in education funding could disappear, leaving local communities scrambling. As federal cuts…

IRS Rejects Thousands of Tax Returns! A sudden rule change is now in effect, leaving many Americans unable to file as expected. Taxpayers are scrambling to understand the new restrictions.…

The IRS is rolling out new security measures for the 2025 tax season, aiming to reduce fraud and streamline filings. Key updates include stricter documentation rules and a crackdown on…

Tax season is officially underway, and millions are wondering when their refunds will arrive. While the IRS has provided general timelines, some factors could speed up—or delay—your payment. A new…

Filing your taxes early might seem unnecessary, but it comes with surprising advantages you don’t want to miss. From faster refunds to reduced fraud risks, early filing could give you…

Canada has issued a bold warning: if Donald Trump enforces his proposed 25% tariffs on Canadian goods, Americans could face a "Trump tariff tax." With billions at stake and retaliatory…

Scott Bessent, President Trump’s Treasury nominee, has called the potential expiration of the 2017 tax cuts a looming "economic calamity." With middle-class taxpayers facing steep hikes and critics questioning the…

The federal EV tax credit, a key driver of electric vehicle affordability and adoption, faces an uncertain future under shifting political priorities. Worth up to $7,500, the credit has spurred…

A looming economic shift could reshape the U.S. as the expiration of Trump’s tax cuts draws closer. Key industries and jobs hang in the balance, leaving questions about whether Congress…

Tax season kicks off January 27, and the IRS has unveiled key updates that could impact your return. From increased deductions to life changes that might save you money, are…