Tax Planning

Now that tax season is in full swing, taxpayers who participated in last year’s boom in cryptocurrency and other digital assets like non-fungible tokens (NFTs) are figuring out what it all means for their taxes.

The IRS paid out the last monthly installment of the child tax credit in December, but millions of parents are still entitled to more money from the expanded program.

The IRS has agreed to abandon its plan to use facial recognition through a third party to identify taxpayers after both Republican and Democratic lawmakers condemned the practice.

The IRS announced it will open a number of Taxpayer Assistance Centers across the country on select Saturdays during the filing season

A new report from SmartAsset found which states’ residents had the highest average tax bill after underpaying the IRS.

Inflation is already hitting your wallet and it may also take a bite out of your tax return.

The 2022 tax season is officially underway, and the IRS has one request for Americans looking to get their refund faster: File your return electronically and as soon as possible.

Millions of small business owners who rely on payment apps like Venmo, PayPal and Cashapp could be subject to a new tax law that just took effect in January.

Taxpayers have more items to navigate this year than ever before, all while working with an IRS that is increasingly underwater.

The IRS has one request for Americans looking to get their tax refund as quickly as possible: File your return electronically and as soon as possible.

Although the IRS paid out the last monthly installment of the expanded child tax credit in December, millions of parents should be on the lookout for a letter from the agency that will help them collect the remaining half of the money when they file their 2021 tax returns.

The IRS will kick off the 2022 tax-filing season in a state of crisis as it grapples with a backlog of millions of unprocessed returns from one of the agency's "most challenging years."

The Internal Revenue Service will kick off the 2022 tax season this month, although it's already warning taxpayers to brace for delays as the agency wrestles with a massive pileup of unprocessed returns accrued during the pandemic.

The Internal Revenue Service said Monday that it will begin accepting 2021 individual income tax returns on Jan. 24 – and administration officials are already warning of a “frustrating” season as the agency grapples with a backlog of returns from previous years.