In its new report, the IRS estimates that: The gross tax gap was $708 billion for 2021 and $696 billion in 2022; after ...

The IRS’s Revenue Procedure 2024-40 outlines crucial adjustments for tax year 2025, including updated tax brackets.

When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers ...

The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 ...

On Tuesday, the Internal Revenue Service announced increases to the federal income tax brackets and standard deduction for ...

Certain tax cuts are set to expire at the end of next year, and that could mean 'a mixed bag of pros and cons' according to ...

The American Institute of CPAs sent the letter to the Treasury Department and IRS in response to earlier notices about 280E ...

For 2025 tax returns, the standard deduction will increase by $400 from 2024 for single taxpayers and some who are married ...

What are the worst tax filing mistakes people make? Tax expert and attorney Barbara Weltman points out 10 common errors—and ...

CHIPS ITC offers businesses a tax credit equivalent to 25 percent of the basis of property qualified as an advanced ...

The IRS released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other ...

The federal tax agency's latest update includes items on standard deductions, clarity on marginal tax rates, and the ...