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

The Internal Revenue Service's plan under the Biden administration to audit high-income taxpayers appears less likely after ...

The IRS's progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according ...

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 ...

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 ...

New income tax brackets. The US federal income tax code currently has seven tax rates – 10%, 12%, 22%, 24%, 32%, 35% and 37%. Each of those rates applies to a range of taxable income, also known ...

The Internal Revenue Service said on Tuesday it would launch a free, government-provided direct tax filing option next year, which could lead to the full-scale launch of an IRS filing system that ...

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 ...

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% ...

The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years.