Americans who fail to make on-time and accurate estimated quarterly tax payments could be hit with a surprise bill after the IRS penalty jumped to 8%.

The 0% tax on long-term capital gains can amount to serious savings for taxpayers, but it's a complicated and often overlooked aspect of the U.S. tax code.

The IRS makes annual adjustments to the federal income tax bracket in order to account for inflation, which allows Americans to boost their take-home pay.

Sensitive taxpayer information is vulnerable to access and removal because of poor Internal Revenue Service security, determined an inspector general investigation prompted by a recent leak scandal involving former President Trump's tax returns.

Early data published by the IRS indicates the average tax refund is worth about $1,395 so far this year, a sharp drop from the 2023 filing season.

Americans may receive a bigger tax refund this year, thanks to the annual adjustments that the IRS makes to the tax brackets to account for high inflation.

The Trump-era limit on state and local tax deductions may be temporarily overhauled for married couples, setting up millions to receive a bigger refund.

A controversial new tax-reporting policy involving payments on e-commerce platforms like eBay and Etsy will begin to go into effect in 2024, the IRS said.

The IRS said that tax season officially begins on Monday, Jan. 29. Here is everything that individual taxpayers need to know before filing their returns.

Two owners of Tony Luke's in South Philadelphia, which is known for their popular cheesesteak sandwiches, were sentenced to prison for tax fraud.

The record-high Social Security cost-of-living bump that beneficiaries received in 2023 could come back to bite them during this year's tax-filing season.

The IRS said Tuesday that it will simplify the "difficult to understand" notices that it sends to taxpayers as part of the $80 billion modernization push.

The number of Americans working from home has surged, but remote workers in five states face a potential tax shock this tax-filing season from the IRS.

When outlining your resolutions for the coming year, prioritize your financial wellness. Get expert guidance as a certified financial planner shares 2024's resolutions.

The IRS on Monday announced that it will start accepting and processing 2023 tax returns for individuals on Jan. 29. The deadline for filing is April 15.

The IRS adjusted the income limits for the different tax brackets in the 2024 tax year as still-high inflation continues to squeeze Americans financially.

The Internal Revenue Service isn't in compliance with White House ban on TikTok being accessed on federal agency devices, according to a government watchdog.

Americans who owe back taxes will be given an incentive to pay up after the Internal Revenue Service said Tuesday it would waive nearly $1 billion in late-payment penalties.

The IRS earlier this year lifted the amount that workers can set aside for retirement in their 401(k), IRA and other tax-deferred plans beginning in 2024.