Taxes

Taxpayers received an average tax refund of nearly $3,000 in 2021, according to the IRS, and it's possible to use this cash windfall to improve your financial situation.

Two Democratic senators on Wednesday unveiled a proposal to temporarily suspend the federal gas tax in order to help blunt the financial pain of surging prices at the pump.

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

EXCLUSIVE: The Internal Revenue Service (IRS) would be barred from using facial recognition software on taxpayers under new legislation introduced Friday in Congress.

Kansas could phase out its corporate income tax under a measure that also would expand its incentives for attracting new businesses, and the provision is a problem as lawmakers rush to help the state attract an undisclosed multibillion-dollar project.

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.

A bill that would have created a first-of-its-kind, universal health care system died in the California state legislature on Monday after progressive Democrats failed to secure the necessary support for the legislation.

Senate Democrats sent a letter to President Biden and Vice President Harris pushing for an extension to child tax credit payments. Here's what you can do if you are struggling financially.

FOX Business host Larry Kudlow breaks down the benefits of Trump's tax cuts on 'Kudlow.'

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.

The Treasury Department is reassessing the Internal Revenue Service’s use of third-party facial recognition software ID.me for access to taxpayer accounts amid growing concerns about the company's privacy practices.

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.

The IRS says it has been taking steps to help taxpayers avoid confusion and provide relief as the coronavirus pandemic rages on.

A crucial letter that will help child tax credit recipients figure out how much money the IRS still owes them may contain incorrect information.

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

Iowa Republicans on Monday unveiled a proposal to exempt pensions and other retirement income from state taxes, a move intended to keep retired Iowans in the state.