The Latest Breaking News from Tax Return

Updated taxpayer protections change what the IRS must explain on error notices and how long you have to respond.

A new deduction based on income lets you save money on a new auto purchase, but how much you'll save will vary state by state. Here's the savings breakdown.

See which states save more than $2,000 annually.

Trump’s $2,000 dividend promise has left many asking a lot of questions, like what it could mean for taxes. Find out how your refund could be impacted.

A bill awaiting President Donald Trump's signature aims to make IRS error notices clearer and easier to understand. The IRS Math and Taxpayer Help Act would require the agency to spell out exactly what mistake was found on a tax return, how much tax is owed, how to respond and…

Taxfix recently conducted a survey of people who file Self Assessment tax returns in the UK and found that 59% plan to use AI tools to help them complete their returns ahead of HMRC’s 31 January deadline.

Every taxpayer worries about making a mistake that could attract unwanted attention from the IRS. While most tax returns are processed without issue, certain patterns, numbers, and claims raise what the IRS calls “compliance indicators”—more commonly known as IRS red flags. These warning signs can trigger closer scrutiny or even…

In this week's Ask the Editor Q&A, we answer reader questions on the charitable deduction.

Living in one state and working in another can trigger several tax issues. Here are several key points to consider if you find yourself in this situation.

The initial fine of £100 increases by £10 a day to a maximum of £900.

Side hustles feel like the ultimate cheat code to financial freedom—extra cash, flexible hours, and that sweet taste of independence. But when tax season rolls around, those “bonuses” can backfire faster than a bad business idea.