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WASHINGTON, D.C. — Taxpayers who have not yet filed their federal returns still have time to avoid penalties and interest by submitting their filings and paying any taxes owed before …
IRS Urges Last-Minute Filers to Avoid Penalties Read More
WASHINGTON, D.C. — More than 4 million children have been enrolled in newly created tax-advantaged savings accounts, with over 1 million qualifying for a federal $1,000 contribution under a pilot …
IRS Reports Millions Enrolled in New Child Savings Accounts Read More
WASHINGTON, D.C. — Taxpayers who owe money or have not yet filed their federal returns could face higher penalties and interest if they delay, according to new guidance urging early …
Owe Taxes? IRS Warns Delays Could Cost You More Read More
WASHINGTON, D.C. — Millions of taxpayers who have not yet filed their 2025 federal returns can still access free filing tools and assistance through IRS.gov ahead of the April deadline, …
IRS Urges Free Filing Options as Tax Deadline Nears Read More
WASHINGTON, D.C. — More than 1.3 million Americans have unclaimed federal tax refunds for 2022 and must file their returns by April 15 or risk losing the money permanently.
Missed Tax Filing? Millions Risk Losing Refunds Soon Read More WASHINGTON, D.C. — The Internal Revenue Service has updated its online Tax Withholding Estimator to reflect new tax provisions affecting tips, overtime pay, and other deductions following passage of recent …
IRS Updates Withholding Tool as Tax Law Changes Take Effect Read More
WASHINGTON, D.C. — Taxpayers filing 2025 returns will see new deductions for tips, overtime pay, car loan interest, and seniors under updated Internal Revenue Service forms and instructions, while the …
IRS Unveils New Tax Break Forms, Scam Warnings, and Child Savings Rules Read More
WASHINGTON, D.C. — Taxpayers now have a centralized online tool to confidentially report suspected tax fraud, and the Treasury Department and Internal Revenue Service have issued updated guidance explaining how …
IRS Centralizes Fraud Tips, Clarifies Adoption Credit Changes Read More
WASHINGTON, D.C. — Manufacturers, refiners, and certain agricultural producers may now deduct up to 100% of the cost of new production facilities in the year they are placed in service, …
New Tax Break Lets Factories Write Off 100% of Costs Read More What This Means for You The IRS expanded its Tax Pro Account for tax-preparation businesses, issued guidance on new limits to certain clean energy tax credits, and urged taxpayers to …
IRS Expands Digital Tools for Tax Professionals and Issues Energy Credit Guidance as Filing Season Begins Read More