The IRS updates tax brackets every year, so it's always a good idea to check whether you're close to one of the cutoff points ...

W ith tax season officially underway, you'll need to know the standard deduction amount you can claim for 2024. After all, most taxpayers opt to take the standard deduction rather ...

No matter what line of work you’re in, your goal may be to see your income increase from one year to the next. So if that’s ...

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When the Trump administration pressured IRS employees to take buyouts before Feb. 6 they missed one crucial detail: it’s tax ...

Amidst the 2024 tax season, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your ...

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...

Tax season is fast approaching, and you might be leaving money on the table. An Illinois tax professional said new tax code ...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) finalized regulations on the clean ...

Third party payment platforms are required to send you a 1099-K tax form if you made more than $5,000 on the platform in 2024. This reporting change will give the IRS a clearer picture of how ...