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The Latest Breaking News from IRS

Navigating Tax Season: How to Get Free Help Filing Your Taxes

From tax clinics to free government programs, here are the free options you should know about at the time of filing your taxes

Latin Times · Mar 15, 2024

IRS Form 3520 Filing Obligations For U.S. Taxpayers

Stay compliant with IRS Form 3520 for foreign transactions to prevent penalties. Seek professional help if needed.

The IRS is releasing a TurboTax alternative, and you can try it now

Direct File is a new Pilot Program from the IRS, promising to give 18+ million taxpayers access to free and accessible returns.

TechRadar · Mar 13, 2024

From analysis to the latest developments in health,
read the most diverse news in one place.

How Tax-Loss Harvesting Helps to Lower Your Tax Bill

This fairly straightforward tax strategy may help you reduce your capital gains taxes, but beware of triggering the wash sale rule.

Kiplinger · Mar 13, 2024

Four Ways Your Workplace Benefits Could Help With Your Taxes

Your employer may offer resources that can help you with your financial strategy, on top of providing potentially tax-advantaged retirement and other accounts.

Kiplinger · Mar 13, 2024

Are taxes stressing you out? Try this free alternative to Turbo Tax from the IRS

The IRS is now offering a free alternative to Turbo Tax to take some of the stress off this tax season.

Laptop · Mar 12, 2024

IRS Launches Direct File: Free Electronic Tax Filing For 12 States

The IRS's Direct File program offers a free and straightforward electronic filing option for taxpayers in 12 selected states.

International Business Times · Mar 12, 2024

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IRS Launches Direct File System For Taxpayers In 12 States

IRS launches Direct File, an electronic system for simple federal tax filing in 12 states, aiming to reduce costs and streamline the process.

How to Determine If You Qualify for IRS Tax Relief Programs

The burden of tax debt can be overwhelming, casting a long shadow over your financial well-being.

inkl · Mar 12, 2024

The Most Common Mistakes People Make On Their Taxes, According to Experts

"There is no shame in asking for help on your taxes."

Marie Claire · Mar 11, 2024

Wealth Transfer and Strategic Gifting Opportunities for 2024

Inflation adjustments to the gift and estate tax exemptions, along with the pending sunset of some tax cuts, make 2024 the year to dig into transfer strategies.

Kiplinger · Mar 11, 2024

Six Biggest Mistakes Made on Retirees’ Tax Returns

Reducing your lifetime tax bill is the goal, so if you or your tax preparer made any of these mistakes, an amended return or better planning might be in your future.

Kiplinger · Mar 10, 2024

Ways to File Taxes for Free This Year

Tax season is about to begin, and if you’re looking to save money, there are several ways to file your taxes for free.

Kiplinger · Mar 9, 2024

How To Avoid Capital Gains Taxes

A few small changes in your investing strategy can result in big tax advantages.

Kiplinger · Mar 9, 2024

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IRS Enhances Where's My Refund Tool For Taxpayers

Learn about the IRS's enhanced Where's My Refund tool for tracking tax refunds with detailed statuses and estimated delivery times.

Kiplinger · Mar 8, 2024

Your Late IRA Contributions Have a Procrastination Penalty

There’s a 15-month window to make your IRA contribution for any given tax year. The earlier you make it, the more you benefit from the compounding effect.

IRS Launches Direct File Program For Free Tax Filing

Learn about Direct File, the IRS's new free electronic tax return system simplifying tax filing.

The Guardian - US · Mar 6, 2024

Michigan man given three years’ prison for not reporting illicit drug profits

Matthew D Adams must also pay more than $3m in restitution for scheme in which he and an accomplice tried to launder funds

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Latin Times · Mar 6, 2024

What Are Education Tax Credits and How to Claim Them

A comprehensive guide on this tax credit, which may help you reduce the tax bill you owe to the IRS

InsideEVs · Mar 5, 2024

2024 Honda Prologue Officially Qualifies For $7,500 Federal Tax Credit

The upcoming 2024 Honda Prologue has been officially listed by the IRS among electric cars eligible for the full $7,500 federal tax credit.

Kiplinger · Mar 2, 2024

Types of Income the IRS Doesn't Tax

It might feel as if the IRS taxes most of your hard-earned money, but some types of income are nontaxable.

IRS Targets High-Income Earners For Unpaid Taxes

IRS targets high-income earners for unpaid taxes dating back to 2017, sending noncompliance letters to 125,000 individuals.

Treasury Department Deploys AI To Combat Fraud

Discover how the Treasury Department is leveraging AI technology to combat fraud effectively and safeguard government funds.

Kiplinger · Feb 28, 2024

Looking for the Right Tax Professional for You? Seven Factors to Consider

The right professional will help you more than just once a year.

Latin Times · Feb 28, 2024

What is the Child Tax Credit and Who's Eligible in 2024?

With tax season in full force, learn more about what options are available for you such as the Child Tax Credit

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