The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

The IRS is set to impose penalties on taxpayers who have failed to adhere to a crucial rule in their recent tax filings. This ...

If you turned 73 in 2024, the deadline for your first required minimum distribution is April 1. Here's what retirees need to ...

Through February 2025, the average tax refund was $3,182. That's a 6.3% increase from the same period in 2024.

As millions of Americans file their federal tax returns, many are noticing a slight increase in their refunds compared to ...

You’ve found out you owe the IRS and now what do you do? First don’t panic and try to find out what the problem ...