The IRS gets more than 10 million paper Form 1040 tax returns every year ... This was a “notable burden “for low income taxpayers eligible for certain benefits,” the report said.

With the 2025 tax season opening this month, Free File could be just what you need to get your taxes done early -- and for ...

As tax season approaches, many Americans are seeking efficient ways to file their taxes. The IRS Free File program offers a ...

Filling Schedules FSI, TR, and FA in the ITR demands very careful reporting of foreign income, tax credits, as well as foreign assets. By adhering to the guidelines above and maintaining consistency, ...

Here are the tax brackets for 2024, which are the taxes you pay in 2025. Income tax is progressive: the more you earn, the ...

These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds for each bracket to account for inflation. As a result, taxpayers may notice ...

Donald Trump’s election with Republican House and Senate majorities has put the Internal Revenue Service back in the spotlight. The agency lost $20 billion in funding under the latest deal to avoid a ...

This year the IRS is giving eligible filers an affordable head start. Starting today, IRS Free File will begin accepting ...

Under the expansion, individuals who make up to $200,000, or joint filers who make up to $250,000, may be eligible to use the ...

The Child Tax Credit for 2024 is a tax benefit that provides financial relief to families with qualifying dependent children. For the 2024 tax year (taxes filed in 2025), the credit is worth up to ...

The deadline for fourth-quarter payments is Jan. 15. After that, penalties begin accruing on underpayments at a 7% rate.

Chicago: Attorney Michael Abramson, of Wilmette Illinois, has been convicted of tax fraud, attempting to tamper with a ...