The tax-return filing season started Jan. 27 ... with automatic extensions to Oct. 15 available to people who submit a Form 4868 to the IRS by April 15. Arizonans can file an extension using ...

The IRS has announced a one-time financial support of $1,700 for eligible families through the Child Tax Credit (CTC). This initiative aims to ease the tax burden for 2024 while promoting child ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

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Your employer forwards the money that's withheld to the IRS on your behalf. The IRS records the receipt and applies it to your tax debt when you file your tax return. The totals are reported on Form W ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

In a bid to safeguard taxpayers and tax professionals, the IRS and CASST have announced significant changes for the 2025 tax ...

The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

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

In a decisive move to enhance financial transparency and enforce stricter compliance, the Internal Revenue Service (IRS) has ...