Starting next year, millions of Americans — from restaurant servers to retirees — could receive lower tax bills under ...

For the second year in a row, the IRS has decided to postpone implementation of a rule change that might have resulted in 44 million more 1099-K forms being sent in January to tax filers who ...

The Treasury Department will implement President Donald Trump's tax reform law, which provides deductions for workers' tipped ...

The Internal Revenue Service said on Tuesday it would launch a free, government-provided direct tax filing option next year, which could lead to the full-scale launch of an IRS filing system that ...

The Treasury Inspector’s audit found that the IRS’ TE/GE Division had completed 570 (34 percent) of the 1,700 tax-exempt hospital compliance reviews it expects to finish before the end of the ...

As we move through 2024, there are new tax developments to watch including technology updates, pending tax regulations and the recognition of cryptocurrency on some tax forms.. The Internal Revenue ...

The IRS is piloting new software that could let you file your taxes for free Direct File will be open only to people with certain tax situations living in certain states at the outset. The free ...

IRS Commissioner Chuck Rettig wrote in a prefatory message that the Service was beginning in 2020 to prepare its first mandated report to Congress describing its implementation of the many reforms ...

The tax brackets for the 2024 tax year, set by the 2017 Tax Cuts and Jobs Act, aren't changing, but the cutoffs for each band of taxation will shift higher. The tax rates will remain 10%, 12%, 22% ...

The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years.

The IRS has set new tax brackets for 2025, but that won't impact the return you'll file by April 15, since that 1040 reflects your 2024 income and taxes. Each year, ...

New tax brackets for 2023 Tax brackets determine the tax rate you'll pay on each portion of your income. For instance, take a single worker whose taxable income this year is $40,000.