When you live in America, one thing you've likely come to accept is the tax system. There are taxes on your income, products ...

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

The Internal Revenue Service (IRS) is ushering in a new era of convenience for taxpayers with the release of online federal tax forms for the 2024 tax year. TRAVERSE ...

The deadline for filing federal tax returns for tax year 2024 is April 15, 2025. If you haven't filed yet, you might be able to do so for free online through the IRS Free File portal, which offers ...

Estimates of federal revenue forgone due to the tax exemptions of U.S. nonprofit hospitals relative to the community benefits ...

Illinois is one of several states choosing to decouple from the federal tax code. See what tax benefits are being excluded.

Still, residents who qualified for those tax breaks would lose out. A qualifying senior who can't claim the extra $6,000 deduction on a tax return would lose $360 to $390, estimated Richard Pon, a San ...

The Treasury Department said in an October report to Congress that participation in the Direct File program was low and the ...

The Internal Revenue Service has just released a draft of a new federal tax return, which is roughly half the size of the old Form 1040, but not necessarily simpler. The Treasury Department is calling ...

The Trump administration has ended the federal government’s offering of a nationwide free e-filing program for federal income ...