The IRS still uses seven tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. However, the income ranges tied to each bracket ...

The Internal Revenue Service announced tax relief for individuals and businesses in Washington state affected by severe storms, straight-line winds, flooding, landslides and mudslides that began Dec.

The Internal Revenue Service and the Department of the Treasury on Friday issued new guidance aimed at easing compliance for ...

Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

Are you searching for the best tax software for early filers? If you know you’re getting a tax refund, you may want to file your taxes sooner than later. Three out of four Americans.) receive an ...

Discover how IRS Publication 557 can guide your organization to secure and maintain tax-exempt status, ensuring compliance with essential IRS regulations.

Got a tip on a tax dodger? The IRS Whistleblower Office has updated Form 211, allowing tips to be submitted digitally for the ...

The Watchdog investigates why the IRS ended its Direct File pilot program that let taxpayers send returns straight to the agency without going through Intuit’s electronic filing system. Eric Gay / AP ...

FILE - The headquarters of the Internal Revenue Service is in Washington, August 10, 2024. (AP Photo/Ted Shaffrey, File) (Ted Shaffrey, Copyright 2024 The Associated ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. HABesen/Getty Images The IRS is ...

WASHINGTON—The Internal Revenue Service is officially ending Direct File, the free, government-run tax-filing pilot program that the Biden administration started last year. Instead, the Trump ...

The Internal Revenue Service has shut down its Direct File free tax-filing program, sending an email to the 25 states that offered it this year. The email was sent to the state departments of revenue ...