Tax season is about to collide with one of the biggest rewrites of the code in years, and the result could be a noticeably different refund for millions of filers. Between routine inflation ...

Clarifying that business interest expense subject to Sec. 163 (j) includes any interest incurred and capitalized during the tax year, except for interest capitalized under Secs. 263 (g) and 263A (f); ...

The IRS has announced significant tax changes that will impact millions of Hispanic taxpayers in the U.S. over the next two years. Understanding these changes is crucial to maximizing refunds and ...

The IRS just announced major tax changes for 2025 and 2026. Learn how new deductions, brackets, and credits could impact your ...

The Internal Revenue Service (IRS) has announced it will extend and expand its Direct File option for the 2025 tax filing season. The IRS launched its Direct File pilot project in 12 U.S. states in ...

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U.S.

"To begin with, it should be stressed that this incident was unacceptable. Any improper access or disclosure of confidential taxpayer information is unacceptable, and it is completely at odds with the ...

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits. The FAQ ...

As the US tax season enters its final stretch, millions of Americans are closely watching their mailboxes and bank accounts for one reason: tax refunds. For those who filed their federal income tax ...