The Latest Breaking News from IRS

IRS faces challenges in processing pandemic-era tax credit claims and resolving identity theft cases. Recommendations for enhancing operations and concerns...

This tax break can help you offset $2,500 in qualifying expenses tied to your higher education. Here's what you need to know.

If you've started fixing your documents for the 2024 tax year, you may be interested in the child tax credit – if you have multiple dependents, you may be able to save thousands in taxes this year through this policy.

The Head of Household (HOH) filing status provides valuable tax advantages, including a higher standard deduction and more favorable tax rates. However, to qualify for this status, taxpayers must meet specific criteria, including supporting a dependent and maintaining a home.

His girlfriend asked for his social security number a year into their relationship so she could "do a background check". He refused so she left. The post Man Refuses To Share His SSN, Girlfriend Insists It’s Non-Negotiable, Silence Follows first appeared on Bored Panda.

An IRS 1099-K threshold change will impact millions of tax bills beginning with this filing season. But could a bigger change lie ahead?

Some IRS offices routinely threw away sensitive material with regular trash, while others used unlocked or damaged storage bins.

If you vacation to a beloved destination again and again, purchasing a home there may be a smart move — but don’t overlook the costs and effort that go into it.

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit

From IRA contributions to Social Security COLAs and the standard deduction, several changes are headed our way. Get ready to make the most of them.

The year-end deadline for required minimum distributions is critical for many retirees.