The Latest Breaking News from IRS

If you've started fixing your documents for the 2024 tax year, you may be interested in the child tax credit – if you have multiple dependents, you may be able to save thousands in taxes this year through this policy.

The Head of Household (HOH) filing status provides valuable tax advantages, including a higher standard deduction and more favorable tax rates. However, to qualify for this status, taxpayers must meet specific criteria, including supporting a dependent and maintaining a home.

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit

From IRA contributions to Social Security COLAs and the standard deduction, several changes are headed our way. Get ready to make the most of them.

The year-end deadline for required minimum distributions is critical for many retirees.

The Kiplinger tax team is looking back at popular tax stories and looking ahead to potential tax changes in the new year.

IRS says payments going to those who did not claim under 2021 recovery rebate plan in what may be final installment

The home mortgage interest deduction can help some filers maximize their tax refund. But it’s less useful now than in years past—here’s what you need to know.

These payments will be automatically sent to eligible taxpayers by the end of the month