Hardship withdrawals typically come with steep penalties. On top of federal and state income taxes, you might be required to ...

The megabill that's bound for the president's desk contains tax breaks that could save some Americans - including tipped workers, employees working overtime, car buyers, seniors and certain homeowners ...

Ben Harris is director of economic studies at the Brookings Institution and the former chief economist at the Treasury ...

The IRS’s criminal division is under scrutiny for poor documentation and oversight of billions in seized crypto assets, a ...

Working parents often face extra expenses, such as summer day camp for their children. Many people don't know they might qualify for tax credits.

The US Treasury Inspector General for Tax Administration provided six recommendations to an IRS team based on an assessment ...

The bill just passed by the Senate excludes immigrants and their citizen relatives from certain tax credits while ...

Overtime wages would not be taxed under the House version of the bill. Under the Senate version, an individual's first $12,500 of extra overtime pay would be tax-deductible. The income limit on the ...

Are we getting a stimulus check in July 2025? Here's status update on Trump stimulus checks, how to track IRS refund check by ...

Each year, millions of U.S. taxpayers submit corrections to their federal tax returns through the Form 1040-X, often to amend ...

George Davis Telford, Jr., 36, of Tolland, allegedly filed false tax returns claiming over $6 million from the IRS and ...

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