The IRS says the easiest and most efficient way to file and receive a refund is through electronic filing and direct deposit, ...

On Friday, the IRS released its second week of statistics comparing Feb. 9, 2024, and Feb. 7, 2025. The IRS has processed ...

The federal government readjusts tax brackets and the annual standard deduction each year to keep up with inflation. One ...

The deadline for federal workers to accept OPM's buyout offer was on Feb. 6, but terms of resignation are different for IRS workers during tax season.

The three-year rule could play a role in your ability to claim tax money that you're owed by the IRS. Pamela Albin Moore/ .

As with an IRA, you have until April 15 to make a 2024 contribution. For the 2024 tax year, individuals can contribute up to ...

To simplify the 64-year-old Income Tax Act 1961 and eliminate unnecessary provisions in it, Finance Minister Nirmala ...

Tax brackets dictate how much you’ll pay on each part of your taxable income for the year. They’re not set in stone: Each ...

The Earned Income Tax Credit (EITC) helps reduce poverty for working American families by providing a tax credit for qualified taxpayers. While the EITC has been around for 50 years, it's still one ...

Your take-home pay may have gotten a bump now that the Internal Revenue Service updated the income tax brackets and standard ...

According to an update from the IRS, the agency has received more than 13 million returns through Jan. 31, 2025, five days ...