IRS

The Alabama Department of Revenue will extend the tax filing deadline for storm victims in the federally declared disaster area for several months. This is seen as a gesture of goodwill, an effort to give those affected by the January…

Experts in the field of personal finance have been telling their clients for years to factor in life without Social Security. Those who do not use a retirement planner or have been unable to save significantly for retirement may wish to…

Find out how your retirement income is taxed and in which places you won't have to pay any taxes at all by reading this guide. Withdrawals from a 401(k) or an individual retirement plan (IRA) are considered taxable income. Retirement…

If you work and pay into Social Security, some of your taxes go toward survivor benefits for your spouse, children, and parents, according to the Social Security Administration website. Likewise, if you or a loved one has worked long…

The extra IRS funds revealed in the Inflation Reduction Act will intensify audits on America's wealthiest taxpayers. Over the next ten years, the Internal Income Service (IRS) hopes to generate an additional $100 billion in income. It…

The IRS accepts payments in different ways, as listed below. In order to avoid fines and interest, it goes without saying that you should act before the tax deadline. There are methods to simplify the payment process, some of which may…

New Mexico seniors filing income tax returns may be pleased to learn that they no longer pay state taxes on Social Security income. The 2022 tax year is the first time since 1990 when the legislature began taxing it, that Social Security…

The IRS announced Thursday that it will hire over 20,000 more workers and deploy new technology over the next two years as part of an $80 billion investment plan to increase tax enforcement and customer service. In its long-awaited…