Soaring inflation. The war in Ukraine. Yet another rise in Covid cases. With so much going on this year it’s been hard to focus on things like filing your taxes. Nevertheless, the IRS still expects ...

If you filed your tax return early and electronically, you might have already received your refund, according to the IRS. If you filed your 2021 tax return early online, opted for a direct deposit ...

Who wants to think about taxes around the holidays? What if a few simple year-end moves could save you thousands of dollars off your 2021 tax bill? For example, there’s tax loss harvesting, topping up ...

Getting a year-end bonus can be thrilling, but you might be disappointed with the amount that actually hits your bank account. That’s because the 2021 bonus tax rate is 22%, so employees might see ...

The Child Tax Credit is a near-universal benefit for families with children. Each year, it lifts millions of children out of poverty. Adding income to low- and middle-income families has been shown to ...

Please note: This item is from our archives and was published in 2022. It is provided for historical reference. The content may be out of date and links may no longer ...

What bill would you pay with an extra $750 or $850? Sure, we're not talking about cashing a billion-dollar winning lottery ticket. But the IRS says more than 1.1 million people nationwide are owed ...

The IRS doesn’t usually have to make a case for people to grab their tax refund. Soon after filing season opens, millions of taxpayers file their returns to collect their annual windfall. As of March ...

President Joe Biden and First Lady Jill Biden reported a federal adjusted gross income of $610,702 last year, according to their 2021 federal income tax returns released by the White House Friday. The ...

Cryptocurrency owners, beware: The IRS is trying to strip away excuses for millions of people who aren’t complying with the tax rules on them, either inadvertently or on purpose. The agency has put a ...

More than half of American households paid no federal income tax last year due to Covid-relief funds, tax credits and stimulus, according to a new report. The nonpartisan Tax Policy Center estimates ...