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WASHINGTON, D.C. — Americans who send money overseas using cash or similar payment methods will face a new 1% federal tax beginning in 2026 under proposed rules released Friday by …
New IRS Rule Targets Cash Transfers Abroad With 1% Tax Read More
WASHINGTON, D.C. — Religious organizations could receive clearer federal guidance on what they can say about politics during services, as the Treasury Department and Internal Revenue Service move to define …
IRS Moves to Clarify Rules on Church Political Speech Read More
WASHINGTON, D.C. — Department of Homeland Security personnel affected by the ongoing federal shutdown will receive extra time to file their taxes, with federal officials granting a 30-day extension and …
Shutdown Relief Gives DHS Workers Extra Time to File Taxes Read More
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. — 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