The IRS has officially kicked off the 2025 tax filing season, accepting 2024 federal tax returns. Here's what you need to ...

Everyone dreads the idea of a tax audit. And luckily, almost no one gets one. Only 0.2% of taxpayers who made less than $1 ...

What's the difference between standard and itemized deductions? Here's what it could mean for your 2025 tax refund.

The IRS has powerful tools at its disposal, and if your tax debt exceeds $25,000, the penalties could be serious.

We're three months into the new year and another month closer to the deadline to file your 2024 income tax returns. The IRS started accepting tax returns on Jan. 27. Most tax advisors recommend ...

The traditional penalty for not filing taxes by the deadline is 5 percent of the tax due for each month the return is late.

If you owe the IRS money for back taxes and need some extra help, there are a few different options to consider.

Sounds like a lot. Retaliatory tariffs totalling $155 billion — $30 billion right away and, if they have no effect, an ...

Every year, thousands of taxpayers receive notices from the IRS informing them that they have been selected for an audit.

Your retirement account withdrawals might not be your only taxable income, either. The federal government can tax up to 85% ...

While the Oscars may have their winners, many Americans are set to receive a more impactful reward: the 2025 Tax Refund. This ...

A government shutdown has never happened during tax season, but that could be just what'll happen with less than two weeks ...