No matter what line of work you’re in, your goal may be to see your income increase from one year to the next. So if that’s ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

If you think you need to file a return this year, maybe for the first time, you're likely wondering where to start.

Federal income tax returns are due on April 15, but there are several other important dates to remember throughout the year.

Taxpayers preparing to file the 2024 tax returns should ensure they're claiming the tax credits and deductions they're ...

Additionally, the IRS Free File program is open now, offering free tax preparation software for taxpayers earning $84,000 or less. Taxpayers can prepare and file early, though returns won’t be ...

1.45Y-5(g) that sets forth the greenhouse gas (GHG) emissions rates for certain types or categories of facilities, the IRS ... tax credit under §48E for any facility that is of a type or category ...

With the new year comes the start to another tax season, and while the deadline to file may feel like a long way off from now, the IRS is reminding people to get ready. Taxpayers are encouraged by ...

Between January 2017 and June 2022, Drivas paid “under-the-table” wages of $1,496,417 to multiple restaurant employees that were not reported to the IRS, federal prosecutors said. Drivas also ...

which reduces your IRS income tax bill based on taxes you've already paid to state and local governments. Incoming President Donald Trump and Congress will likely negotiate a replacement, however.