President Donald Trump’s recently enacted tax legislation includes a provision that eliminates taxes on tips, a measure he ...

Starting next year, millions of Americans — from restaurant servers to retirees — could receive lower tax bills under ...

The recent tax measures introduced by President Donald Trump have sparked debate over their impact on American finances, ...

The Treasury Department will implement President Donald Trump's tax reform law, which provides deductions for workers' tipped ...

For the second year in a row, the IRS has decided to postpone implementation of a rule change that might have resulted in 44 million more 1099-K forms being sent in January to tax filers who ...

After a tied vote in the Senate and another close vote in the House of Representatives, President Donald Trump’s “Big Beautiful Bill” is now on its way to the President’s desk to be signed into law.

The Treasury Inspector’s audit found that the IRS’ TE/GE Division had completed 570 (34 percent) of the 1,700 tax-exempt hospital compliance reviews it expects to finish before the end of the ...

As we move through 2024, there are new tax developments to watch including technology updates, pending tax regulations and the recognition of cryptocurrency on some tax forms.. The Internal Revenue ...

It’s not clear how a new free e-filing system would line up with the IRS’s agreement with private tax preparers, but it may simply be allowed to expire if the agency decides to move ahead with ...

IRS Commissioner Chuck Rettig wrote in a prefatory message that the Service was beginning in 2020 to prepare its first mandated report to Congress describing its implementation of the many reforms ...

The tax brackets for the 2024 tax year, set by the 2017 Tax Cuts and Jobs Act, aren't changing, but the cutoffs for each band of taxation will shift higher. The tax rates will remain 10%, 12%, 22% ...