New IRS rule could cost you big if you inherit an IRA. Find out what you need to know to avoid costly penalties starting in 2025.

The Treasury Department set a March 21 deadline to report "beneficial ownership information" after a Texas court lifted a ...

The Trump Administration plans to lay off 6,000 or more recently hired workers at the Internal Revenue Service. That could ...

Tax season opened on January 27, meaning taxpayers can now file and pay their tax returns with the Internal Revenue Service.

Retirees receiving pension payments will also have to pay ordinary income tax. How much you'll owe depends in part on the tax ...

If you're due a refund The IRS does not impose a failure-to-file penalty on tax returns that are filed late if you're due a refund. However, filing a tax extension anyway could be a good idea.

The IRS could forgive a portion of your tax debt, but only if you meet certain requirements. Here's what they are.

A string of bipartisan measures targeting taxpayer refunds, rights, and protections move forward on Capitol Hill.

Waiting to the last minute to file your taxes means either postponing your refund or leaving yourself little flexibility if ...

You can pay for just about anything with a credit card, even your mortgage or rent. It's only natural to wonder what else you can pay with a credit card — like property taxes. The IRS lets you ...

Depending on your age and other factors, you might face a penalty if you tap into your IRA early. Find out when early ...