IRS

The IRS said Friday the purchase of personal protective equipment used to combat the spread of COVID-19, including face masks and hand sanitizer, are tax-deductible medical expenses.  

Sen. Bernie Sanders on Thursday renewed his push to hike taxes on wealthy Americans, unveiling a pair of proposals that would dramatically raise the rates paid by corporations and the top sliver of U.S. households.

The IRS sent out a second batch of stimulus checks this week, delivering payments to another 37 million Americans as part of President Biden's $1.9 trillion American Rescue Plan.  

U.S. Treasury Secretary Janet Yellen said on Wednesday that if the IRS were funded appropriately and therefore able to crack down on tax cheats, the U.S. would be able to collect more revenue without raising taxes

More Americans are eligible to take advantage of a tax break on unemployment benefits under new guidance issued this week by the IRS.

The richest 1% of Americans dodge significantly more in income taxes than the Internal Revenue Service previously estimated, according to a new study released this week.

Many Americans rely on their tax refund each year – and this year could be even more important than normal considering the ongoing economic effects of the coronavirus pandemic.

A build-up of unprocessed tax returns at the IRS caused by the pandemic has become a focal point for lawmakers who are reminding the agency that Americans need the cash amid the ongoing economic recovery.

The Biden administration is reportedly exploring tax increases on businesses, investors and wealthy Americans to fund the president's next multitrillion-dollar spending bill. 

It's a busy time for the IRS: In addition to delivering a third round of stimulus checks to millions of Americans, the agency is also mired in the months-long process of issuing tax refunds.

A second batch of stimulus checks is scheduled to arrive in Americans' bank accounts this week, with most cash payments expected to arrive by Wednesday. 

The IRS is planning to automatically process refunds for out-of-work Americans who received unemployment benefits last year and filed their 2020 returns before a new law waived federal taxes on the first $10,200 in aid. 

The head of the IRS warned this week of potential delays to the launch of the new monthly child tax credit payment program authorized under President Biden's $1.9 trillion stimulus plan.

If you haven't received your third stimulus check yet, you should consider filing as soon as possible. 

This IRS this week delayed the main April 15 tax-filing deadline until May 17, giving most Americans more time to prepare their filings this tax season amid a slew of pandemic-related policy changes.

The IRS on Thursday sought to assuage potential concerns about this year’s filing season data, which appears to show that tax season is off to a slow start.

The IRS announced on Wednesday that it will automatically extend the tax filing date about one month this year, but that does not affect state deadlines.

The IRS may have decided to heed the pleas of lawmakers and advocacy groups who have been urging the tax agency to postpone this year’s April 15 filing deadline.

Advocacy groups are urging the IRS to delay this year’s tax filing deadline as the agency begins sending out another round of economic impact payments to American households.