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The Latest Breaking News from IRS

House GOP Bill Aims to Abolish the IRS and Rewrite the Tax Code

The stability of the IRS is crumbling as the U.S. presidency changes hands.

Kiplinger

One Million Americans Set To Receive IRS Stimulus Checks—Here's What To Know

Eligible taxpayers could receive up to a maximum of $1,400 from the IRS.

International Business Times

IRS Distributing .4 Billion In Unclaimed Stimulus Payments

IRS distributing .4 billion to taxpayers who missed COVID stimulus payments, providing up to IRS Distributing .4 Billion In Unclaimed Stimulus Payments,400 per individual. Claim your Recovery Rebate Credit to ...

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IRS is sending out automatic stimulus payments. Who is getting them?

The IRS it’s distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments

The Independent UK

IRS extends tax deadline for those affected by California wildfires

Citizens of Los Angeles affected by the wildfires no longer need to worry about filing their taxes by April 15.

Fortune

Buddy Carter's Bill to Abolish IRS and Overhaul Tax Code Aims to Cut National Debt

US Rep. Buddy Carter's Fair Tax Act would help Americans save money by putting them in charge of their tax rate, reducing tax loopholes and the national debt, and mandating illegal immigrants to pay their fair share of taxes.

International Business Times UK

Tax Season Alert: Protect Yourself From Identity Theft Risks

A new IRS report highlights ongoing issues, including the agency's "unconscionable" delays in addressing identity theft cases.

International Business Times

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Three Steps to Simplify Paying Your Taxes in Retirement

Once you retire, how you pay some of your taxes can change. Here's how to get a handle on them so you don't run afoul of the IRS and face penalties.

Kiplinger

Not Ready to File Taxes? 8 Things to Do Now to Prepare

Now is a good time to review your financial situation and prepare to file your 2025 federal income tax return.

Kiplinger

The IRS is Pursuing Partnerships and Their Owners

The IRS has many enforcement priorities, and partnership tax noncompliance is near the top of that list.

Kiplinger

IRS Announces Jan. 27 Start Date For 2025 Tax Season

IRS announces 2025 tax season with enhanced services and Direct File program expansion. Stay informed about tax scams and filing updates.

Top News

IRS Grants Tax Relief Extension For Los Angeles County Residents

IRS grants tax relief in Los Angeles County, extending deadlines to October 15 for filing and payment. Taxpayers urged to utilize the extension to avoid pe...

Top News

IRS announces January 27 as the start of the 2025 tax season

The IRS on Friday announced January 27 as the official start date of the 2025 tax season, and expects more than 140 million tax returns to be filed by the April 15 tax deadline

The Independent UK

IRS Free File Could Go Away Under House GOP Plan: What to Know

If you used this free filing service last tax season, you might want to start looking for new options now.

Kiplinger

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Kiplinger

Nine Ways to Find Your Lost 401(k)

Over 29 million lost 401(k) accounts worth almost $1.65 trillion have been forgotten by their owners. Here are nine ways you can locate your account.

Fortune

IRS’s free tax filing service opens today. Here’s how you can take advantage

Millions of Americans can get ahead of the stress and start working on their taxes as soon as today—for free.

Kiplinger

California Fires: How to Recover Tax Records and Other Important Documents

Having your tax records and other vital documents is important for claiming casualty loss deductions that can help with recovery.

Kiplinger

10 Reasons to Leave Your Heirs a Roth IRA

Including a Roth IRA in your estate plan can secure a tax-free legacy for your family. But even a small error could leave your heirs with a big tax burden.

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Kiplinger

Child and Dependent Care Credit: How Much Is It?

The non-refundable tax break can help working families afford quality care for their child or qualifying dependent.

Salon

Evangelical hate of Carter led to MAGA

Evangelicals loved Jimmy Carter — until his anti-racism turned them against him

Fortune

How to sell your house: 8 steps to help you sell in 2025

Are you a homeowner selling your house for the first time? Follow our guide to understand the steps you need to take.

Top News

IRS Faces Challenges Despite Improvements In Taxpayer Services

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

Kiplinger

The American Opportunity Tax Credit (AOTC): How Much Is It Worth?

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

International Business Times

Child Tax Credit 2024-2025: Eligibility Details And What The Trump Admin Has Said About It

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.

International Business Times

Understanding The Head Of Household Filing Status: A Guide To Tax Benefits And Qualifications

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.

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