The Latest Breaking News from IRS

Americans brace for tax season each spring, and each time we seem to be reminded of an uncomfortable truth. That is, the US tax system is so complicated.

Opening your mailbox and seeing that distinctive “Internal Revenue Service” return address is enough to make anyone’s heart skip a beat. But here’s the thing:...

It’s mid-January, and while the holiday “giving season” is technically over, the “saving season” is just beginning. If you’re looking at your preliminary 2026 tax...

Rules, deadlines and overlooked details can affect how much profit you keep. While most people assume taxes will be straightforward, experts say otherwise.

Here are five ways Trump has promised Americans cash and when you may get it.

For years, homeowners in high-tax states have complained about the $10,000 cap on State and Local Tax (SALT) deductions. It felt like a penalty for living in a nice neighborhood with good schools. Washington finally moved the needle, and the new tax legislation has technically raised that cap to $40,000…

Tax season officially opens on January 26. But you'll have one less way to submit your tax return for free. Here's what you need to know.

The moment feels triumphant. You’ve built a retirement account, life throws a curveball, and there’s money sitting right there with your name on it. Tap it now, sort things out, move on.

For many retirees, being organized is a point of pride. The moment the clock strikes midnight on New Year’s Eve, the hunt for the 1099s...