The final regulations on the sale of property seized by the IRS through a levy for nonpayment of taxes provide a long overdue ...

In 2021, the difference between what U.S. taxpayers owed the federal government and what they paid hit nearly $700 billion.

– Earned Income Tax Credits. For qualifying taxpayers who have three or more qualifying children, the tax year 2025 maximum Earned Income Tax Credit amount is $8,046, an increase from $7,830 for tax ...

Maryland has paid $5.4 million to the Internal Revenue Service after a rare IRS audit of the state found it owed millions of ...

The agency last week announced increases to the standard deduction in its annual inflation adjustments for 2025. For single ...

When civil and criminal penalties don't deter people from skipping out on their taxes, the IRS has other tools it can use.

The Internal Revenue Service on Friday announced the 2025 contribution limits for 401(k) and Individual Retirement ...

Treasury Secretary Janet Yellen touted increased enforcement of tax laws by the IRS as helping to close the budget deficit by ...

The IRS released its updated contribution limits and adjustments to eligibility thresholds for 401(k) plans, IRAs and other ...

The new contribution limits are part of the IRS' annual cost-of-living adjustments for pension plans and other retirement accounts.

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting ...