Tax season officially begins Monday when the Internal Revenue Service (IRS) will begin accepting returns for the 2024 tax year, but taxpayers should be aware of deductions and credits that could ...

This article covers some of the most common tax filing mistakes that could leave money on the table, from choosing the wrong filing status to skipping deductions or missing tax credits entirely.

The increase could help pay for an expansion to the Child Tax Credit, Grassley said. Deputy Treasury Secretary Michael Faulkender has also acknowledged the proposal is on the table.