Tax

The Internal Revenue Service advises deferring tax filing if a person received a special refund or payment from their state last year. Unfortunately for millions of taxpayers, the IRS has taken the rare step of requesting some…

A state tax credit for Hoosiers would increase thanks to legislation that the Indiana House on Monday unanimously adopted. The law, HB 1290, does more than just raise Indiana earned income tax credit by a few hundred dollars in some…

California and Colorado, who got tax refunds the previous year are being urged by the IRS to postpone filing their taxes. The Internal Revenue Service is recommending millions of people in 22 states, including California and Colorado,…

The federal government is facing a debt ceiling issue, although many local states have extra cash in the form of emergency funds, prompting 27 states to plan tax cuts. There have been two consecutive years of widespread budget surpluses,…

The Medicare agency says some COVID-19 testing and treatments will cost extra after the public health emergency expires. On May 11, the Biden administration would terminate the federal COVID-19 public health emergency declaration,…

The Internal Revenue Service (IRS) is seeking public input on a plan that would permit employers in service industries to send gratuities to the tax agency. The government announced the proposed establishment of the Service Industry Tip…

When it comes to paying taxes, many people find themselves strapped for cash. If you're one of them, you can use a credit card. The Taxpayer Relief Act of 1997 allowed the Internal Revenue Service (IRS) to accept credit cards as a form…

A recipient of earned income tax credit may be eligible for up to $6,935, or over $7,000, however, be determined by the circumstances of each family or applicant, such as the number of children or annual income. The Internal Revenue…