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The Latest Breaking News from IRS

Minnesota Child Tax Credit in 2024: How Much Will You Get?

The Minnesota child tax credit is the highest state credit in the country. Here’s how to tell if you qualify — and how much money you’ll get.

Kiplinger

Mortgage Interest Tax Deduction: What You Need to Know

Should you claim the mortgage interest deduction when you file your federal tax return?

Kiplinger

Maine Tax Relief Granted Following Severe Storms

The IRS has granted Maine tax relief to taxpayers affected by severe storms late last year.

Kiplinger

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Blind Student Follows Professor’s Rules And Turns In A Black Piece Of Paper: “Well Played”

An assistant to a blind student witnessed a creative and clever bit of malicious compliance when the student did exactly as the professor asked. The post Blind Student Follows Professor’s Rules And Turns In A Black Piece Of Paper: “Well Played” first appeared on Bored Panda.

Bored Panda

10 Tax Forms Retirees Receive and What They Mean

Knowing what you’re getting and why is important so you can ensure that you or your tax preparer have what’s needed to file your taxes.

Kiplinger

New Israel supplemental readied in House, without offsets - Roll Call

Speaker Mike Johnson told GOP lawmakers Saturday that he's preparing to bring a stand-alone, $17.6 billion package for Israel to the floor.

Roll Call

New Principal Chief Commissioner of Income Tax, Kerala, takes charge

Jayanthi Krishnan, a 1988 batch IRS Officer, becomes Principal Chief Commissioner of Income Tax, Kerala.

The Hindu

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Tax Relief for Connecticut and Rhode Island Storm Victims

Storm victims in Connecticut and Rhode Island have extended IRS tax deadlines.

Kiplinger

FTX Scraps Relaunch Plans, Expects Full Customer Repayment

FTX, the collapsed crypto exchange founded by Sam Bankman-Fried, said it has abandoned plans to relaunch and will instead focus on liquidating assets so it can repay customers.

International Business Times

Five Tax Breaks Business Owners Might Not Know About

Did you know you could get a break on your company’s taxes by hiring your kids? Read on for more strategies to help you lower your business’ taxes.

Kiplinger

The IRS got $80B to help people and chase rich tax avoiders. Here's how it's going

Commissioner Danny Werfel says the IRS is seeing "very powerful early results" in its efforts to improve enforcement on high wealth is paying off.

WEKU

Ex-IRS contractor sentenced to 5 years in prison for leaking Trump's tax records

Charles Edward Littlejohn of Washington, D.C., gave data to The New York Times and ProPublica between 2018 and 2020 in leaks that appeared to be "unparalleled in the IRS's history," prosecutors said.

WEKU

IRS introduces new free filing system for taxpayers

Learn about the start of tax season and the new filing options offered bythe IRS, including a pilot program for free electronic filing that could save taxp...

Top News

Former IRS contractor sentenced to prison for tax records leaks - Roll Call

A federal judge sentenced a man to five years in prison Monday for the leak of tax documents of Donald Trump and others.

Roll Call

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TechRadar

Hate taxes? H&R Block's new AI chatbot aims to reduce your tax frustrations

Latin Times

Bigger Check? How New IRS Brackets Affect Can Affect Your 2024 Tax Refund

WEKU

The IRS is piloting new software that could let you file your taxes for free

Direct File will be open only to people with certain tax situations living in certain states at the outset. The free service has been criticized by Republicans and tax preparation companies.

Top News

Senator Scott accuses Biden administration of being lawless on border

Florida Republican Senator Rick Scott discusses the need for border security and accountability in enforcing immigration laws, as well as his concerns rega...

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Kiplinger

Tax Tips for Filing Your 2023 Tax Return

From filing early to electronic filing, these tax tips will help speed up the process of filing your 2023 tax return.

Top News

IRS delays Form 8300 reporting for digital asset transactions

The new IRS guidance delays Form 8300 reporting for digital asset transactions, offering relief and clarity to businesses in the crypto industry.

Kiplinger

From Tax-Deferred to Tax-Free: Navigating Taxes in Retirement

Here are some considerations to keep in mind to help you spend less of your retirement savings and Social Security benefits on taxes.

Kiplinger

What Is a Safe Harbor 401(k)?

Part of the Small Business Job Protection Act, this type of 401(k) makes it easier for small businesses to offer retirement plans to their employees.

Latin Times

Fiscal Help: How to File Taxes as an Immigrant

A step-to-step guide on how to file taxes as an immigrant

Top News

Hunter Biden's legal troubles escalate amid mounting evidence. DOJ dismisses lawsuit

This content discusses the ongoing legal troubles of Hunter Biden, including the authenticity of his laptop and his response to IRS whistleblowers, with a ...

WEKU

Lawmakers call for IRS scrutiny of Trump-backed nonprofit that aids Jan. 6 rioters

A nonprofit that supports defendants charged in the Jan. 6, 2021, insurrection is facing scrutiny over its political activity. "The IRS should investigate this case immediately," said one congressman.

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