Last year, the IRS adjusted its tax brackets to avoid so-called “bracket creep.” Bracket creep is described as when inflation ...
Douglas O'Donnell, the acting IRS commissioner, told employees in an email Tuesday that he will step down from the position effective Friday. Treasury Secretary Scott Bessent agreed with O'Donnell's ...
As of February 7, the average federal tax refund was $2,065—an 18.6% increase from 2024. Taxpayers who file electronically ...
The Additional Child Tax Credit (ACTC) offers a valuable opportunity for taxpayers to reduce their tax liability and ...
"It’s going to be a real problem — underline, underline, underline — [a] real problem," U.S. Sen. Elizabeth Warren, D-Mass., ...
According to the IRS, an audit is simply a review of your accounts "to ensure information is reported correctly according to ...
The firing of 6,000 employees at the Internal Revenue Service will mean frustrating wait times for those seeking call center ...
If you're expecting an IRS refund this year on your federal taxes, you might get an unexpected boost if your pay didn't.
Fewer taxpayers are deciding to file early this tax season than a year ago, but early refunds are higher in 2025.
We’re getting into the thick of tax season, but this is a lousy time to call the IRS. You’ll be on hold forever. The two ...
With tax filing season around the corner, a number of tax scams such as phishing and smishing attacks are likely to be on the ...
Doug O’Donnell retires as acting head of the IRS amid agency changes, with Melanie Krause stepping in as the new leader ...