Tax Tips

The IRS has provided an early glimpse at tax refund data, revealing just how much money taxpayers can expect to receive from Uncle Sam this filing season.

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.

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.

Most taxpayers expecting a refund this year say they plan on spending on all of it, with more than a third saying the money will go toward paying off debt.

The child tax deduction expansion would make more of the credit refundable, helping millions of families.

Microsoft and H&R Block partnered to develop the accounting firm's AI Tax Assist tool, which leverages generative AI to help do-it-yourself tax filers prepare their returns.

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.

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.

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 IRS has announced new contribution limits for 401(k) plans, as well as an ammendent to IRA catch-up contribution limits, both of which can help workers reach their retirement goals faster.

President Biden's administration is seeking to update United States regulations to crack down on the widespread use of cryptocurrency for tax evasion purposes.

Tax pros say the end of federal COVID-19 stimulus money is prompting many Americans to file income tax extensions instead of rushing to file their Form 1040s with the IRS.

If you're trying to receive the most money from your tax returns this year, the Marks Group president and CPA Gene Marks gives best filing tips for individuals and businesses.

Ramsey Solutions personal finance expert Rachel Cruze joined 'Fox & Friends" on Monday, March 7, to share advice on getting the most out of your tax return.