Tag: Internal Revenue Service

1 2 3 30 / 44 POSTS
Here are the new income tax brackets for 2023

Here are the new income tax brackets for 2023

Andersen Ross | Blend Images | Getty ImagesAmid soaring inflation, the IRS this week announced higher federal income tax brackets and standard deducti [...]
These are the best IRS options if you can’t pay your income taxes

These are the best IRS options if you can’t pay your income taxes

Srdjanpav | E+ | Getty ImagesThe tax-extension deadline is approaching on Oct. 17, and a record 19 million Americans filed for more time to manage the [...]
IRS erred on child tax credit payments for millions of families

IRS erred on child tax credit payments for millions of families

The IRS skipped about $3.7 billion in advance child tax credit payments for 4.1 million eligible households, but sent more than $1.1 billion to 1.5 mi [...]
The extended tax deadline is Oct. 17. Here’s what filers need to know

The extended tax deadline is Oct. 17. Here’s what filers need to know

Cecilie Arcurs | Getty ImagesThere's about one month until the Oct. 17 tax deadline extension, and experts say filers need to prepare, especially for [...]
These are the 4 priorities for the $80 billion in IRS funding

These are the 4 priorities for the $80 billion in IRS funding

Treasury Secretary Janet Yellen speaking at a news conference on July 14.Made Nagi | ReutersYellen outlines 4 priorities for the $80 billion in fundin [...]
IRS interest jumps on Oct. 1. How much you’ll get for a missing refund

IRS interest jumps on Oct. 1. How much you’ll get for a missing refund

How to calculate your interestThe interest is an annual rate compounded daily, meaning you divide the 6% rate by 365, explained Tommy Lucas, a certifi [...]
With 87,000 new agents, here’s who the IRS may target for audits

With 87,000 new agents, here’s who the IRS may target for audits

Jeffrey Coolidge | Photodisc | Getty ImagesAs the Democrats' spending plan moves closer to a House vote, one of the more controversial provisions — ne [...]
The wealthy now have more time to avoid estate taxes

The wealthy now have more time to avoid estate taxes

If your family has significant wealth, it's now easier to avoid federal estate taxes, thanks to recent changes from the IRS.The IRS improved a strateg [...]
Tax bill for Vermont winner of Powerball $366.7 million jackpot

Tax bill for Vermont winner of Powerball $366.7 million jackpot

If you're holding the winning ticket for Powerball's $366.7 million jackpot, don't forget about your silent partner: Uncle Sam.After rolling higher fo [...]
Tax pros ‘very skeptical’ about expanded IRS voice bots for payments plans

Tax pros ‘very skeptical’ about expanded IRS voice bots for payments plans

Westend61 | Westend61 | Getty ImagesIf you get a tax bill and want help from the IRS to set up a payment plan, newly expanded voice bots may make for [...]
IRS boosts mileage rate deductions as gas prices soar to $5 a gallon

IRS boosts mileage rate deductions as gas prices soar to $5 a gallon

Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston.Brandon Bell | Getty [...]
House Democrats push for repeal of rule blocking SALT cap workaround

House Democrats push for repeal of rule blocking SALT cap workaround

Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021 [...]
IRS working to boost audit rates for higher earners

IRS working to boost audit rates for higher earners

Jeffrey Coolidge | Photodisc | Getty ImagesThe IRS is working to boost its audit rates for the wealthiest Americans, according to a statement recently [...]
Capital gains may have triggered more individual taxes for 2021

Capital gains may have triggered more individual taxes for 2021

The U.S. Department of the Treasury buildingJulia Schmalz | Bloomberg | Getty ImagesSome investors may be grappling with the sting of higher-than-expe [...]
As number of billionaires climbs, new calls for wealth taxes emerge

As number of billionaires climbs, new calls for wealth taxes emerge

A mobile billboard calling for higher taxes on the ultra-wealthy depicts an image of billionaire businessman Jeff Bezos, near the U.S. Capitol on May [...]
1 2 3 30 / 44 POSTS