IRS

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…

The IRS will soon announce how it intends to spend the substantial sums provided to the agency in the Inflation Reduction Act, which includes an additional $80 billion for tax collectors. Treasury Secretary Janet Yellen announced the…

The tax agency's reporting season ended March 24, 2023, with the average reimbursement amount significantly lower than last year.  The IRS had issued a warning that this would likely be the case this year, primarily due to the fact that…

The tax season's numerous forms and applications can be difficult to comprehend. a list of suggestions that will facilitate the filing of documents. Depending on your income as a parent or guardian, you may be eligible for a variety of…

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…