The Internal Revenue Service (IRS) has released its annual inflation adjustments for the 2025 tax year, providing crucial updates that will affect taxpayers when they file their returns in 2026. These adjustments, detailed in the Tax Procedure 2024-40 ...
The Internal Revenue Service announces inflation adjustments that impact tax brackets. Here's what you need to know.
New York Gov. Kathy Hochul announced a plan to give up to $500 to some taxpayers in an 'inflation refund.' One expert called it a patch solution.
The U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) have released final regulations for the energy investment tax
No one loves the Internal Revenue Service, but we need the much-maligned agency having enough resources to make sure that everyone pays their fair share of taxes to support Uncle Sam and
Although you may not be too sympathetic to the plight of the IRS, the reality is that the loss of these funds is likely to have a real-world impact on what the agency can do. Adeyemo explained some of the things that would happen if the money is not restored:
Standard deductions, AMT exemptions, and other tax provisions will be impacted by the inflation adjustments that the IRS has announced for the 2025 tax year. Find more about the modifications and how your taxes can be impacted.
IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
Hochul announced her "inflation refund" idea on Monday ... money is taxpayer's money in the first place, and the Internal Revenue Service determined that the rebate checks in some states were ...
The IRS released numbers for tax year 2024 back in November 2023 .
The 2017 cuts were the most extensive revision to the Internal Revenue Code since the Ronald Reagan administration. The changes it imposed range from the tax that corporations pay on their foreign income to limits on the deductions individuals can take for their state and local tax payments.