Under this provision, in effect through the 2025 tax year, the Internal Revenue Service allows family caregivers to claim individuals who can't take care of themselves and are related by adoption, ...

The IRS also remains under a hiring freeze as the busy tax season continues. Experts worry that the freeze and mass layoffs could affect refunds, taxpayer services and more this tax season.

Tax experts tell us pets cannot be claimed as a dependent on a federal tax return, but there are some specific cases where ...

I’m tempted to invite you to read Joel Pett’s cartoon, thank you for coming and remind you to tip your waitress, because he ...

Based on the expected tax collections for the ongoing financial year, a 1% swing in the states' share of tax revenue could give the central government about Rs 3,500 crore. Listen to Story The ...

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If you’re confused about how taxes work on Venmo, keep reading. You’ll learn which Venmo transactions the Internal Revenue Service considers taxable and what you need to know while preparing ...

certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Investopedia / Julie Bang A sales tax is a consumption tax imposed by the government on the sale of goods ...

When I saw a headline that up to 15,000 Internal Revenue Service workers could be laid off, my first thought was this could be a tax cheater’s paradise. The IRS is already woefully understaffed.

A significant tax overhaul in 2017 bulked up standard deduction amounts, and in recent years, the IRS has made them even bigger as inflation soared. The standard deduction is a flat dollar amount ...

It’s a tax season unlike any other: As millions of Americans dutifully file their returns, the Trump administration is calling for the abolition of the IRS and plans to fire as many as 7,000 workers — ...