The Latest Breaking News from IRS

When market investors suffer losses — or get taken for a ride — they’re often eligible for a tax write-off to soften the blow. Users of the bankrupt crypto exchange FTX won’t be so lucky.

House investigators say a federal contractor that provided identity verification services for the Internal Revenue Service overstated its capacity to perform its services

The average home equity loan rate remained at 8.60%.

The IRS has some good news for workers who use traditional or Roth IRAs to save for retirement. In 2023, you’ll be able to contribute an additional $500 to either account. It’s the first increase since 2019, bringing the total annual contribution limit to $6,500. Those age 50 and older…

Melody Jennings of Clean Elections USA teamed up with True the Vote for project that echos Trump’s false claims about 2020

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

WASHINGTON — Rep. James Comer of Kentucky said he expects Republicans to gain 30 House seats in Tuesday’s midterm elections, easily clearing the six necessary for the GOP to capture control of the chamber.

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The crime-fighting arm of the IRS has identified more than $32 billion in funds this past fiscal year for eventual seizure