The number of Internal Revenue Service audits is set to spike in the coming years as the tax agency takes aim at specific groups. In a statement, the IRS said it is planning more audit focus on the ...

The number of Internal Revenue Service audits is set to spike in the coming years as the tax agency takes aim at specific groups. In a statement, the IRS said it is planning more audit focus on the ...

This tax filing season, the Internal Revenue Service (IRS) launched one of its most ambitious projects to date, Direct File, which offered some taxpayers the option to file returns directly with the ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...

IRS numbers suggest that taxpayers are finally ready to file their tax returns. The number of tax returns received dipped again, a trend that hasn’t changed since the season opened on January 27, 2025 ...

Here’s a statistic to remember next year, as Congress debates extending President Trump’s 2017 tax cuts: The top 1% of income-tax filers provided 40.4% of the revenue in 2022, according to recently ...

With the holidays coming up, people are shopping for gifts for family members, friends, co-workers and so on. Some gifts are gifts of items, and others are monetary gifts. Some might wonder if they ...

The IRS has announced the annual inflation adjustments for the year 2026, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year ...

With this year's Tax Day coming up fast, the Internal Revenue Service (IRS) is urging American taxpayers to "act now" to file their individual tax returns, pay what they owe on their tax returns, or ...