IRS

Less than half of the Americans who the IRS expects to file individual returns did so for the week ending March 24. Only about 80,7 million returns had been received, down 0.8% from the same time last year and well below the IRS's…

Treasury Secretary Janet Yellen announced this week that the IRS will release its long-awaited spending plan for $80 billion in new funding. Yellen stated on Tuesday that the tax-collecting agency's spending initiatives will be outlined…

The IRS has refunded approximately $172 billion to taxpayers this year, $16.4 billion less than in 2022, latest agency data. The data indicates that this amounts to an average refund of $2,903, $360 less per person than in 2022. IRS…

Filing taxes isn't a pleasurable task, so many Americans procrastinate and wind up needing to submit an extension in order to avoid penalties for late filing, and depending on where they live, they may also need to file for an extension on…

When filing their federal income tax return, students and former students who have paid interest on a qualified student loan may be eligible for a tax deduction for some or all of the interest. To record the amount paid in interest, they…

You may be able to file for a larger refund if you are aware of the various tax credits provided by the Federal Revenue Service (IRS). The Credit for Other Dependents, which includes those who reside overseas, stands out among the many…

The Internal Revenue Service (IRS) has reminded taxpayers that the deadline for filing their 2023 taxes is rapidly approaching. Even if you rush to finish everything before the April 18 due date, you still need to be cautious about what…

Numerous retirees intend to enhance their retirement benefits with supplemental employment, so how much may a retired individual earn taxes-free? The response to this question varies greatly depending on the specifics of your case. You…