Chester County News and Community Website
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. — 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
CHARLOTTESVILLE, VA — A new state-by-state analysis released by InvestorsObserver says tax changes tied to President Donald Trump’s tax legislation could leave some of the nation’s poorest households paying more …
Report Finds Trump Tax Law Delivers Larger Benefits to Wealthy Households 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
It’s almost time for people to begin receiving their tax refunds. If you get one, what will you do with it?
What Should You Do With Your Tax Refund? Read More WASHINGTON, D.C. — The Internal Revenue Service and the Department of the Treasury on Tuesday unveiled proposed regulations reshaping a key clean energy tax incentive, while also urging taxpayers to …
IRS Rolls Out New Clean Fuel Credit Rules as Taxpayers Get Digital Boost Read More