As tax season approaches, many taxpayers are concerned about the potential for an IRS audit. Certain income and deduction ...

On January 30, 2025, the Internal Revenue Service (IRS) published six top tips to make filing a 2024 tax return easier. The IRS explained these tips are also available on IRS.gov on the “Let us Help ...

After completing their tax returns, some will find they didn't pay enough during 2024. Workplace retirement plans, like 401(k ...

Tax season started on January 27 and will end on April 15, with the IRS expecting around 140 million returns within that ...

Filing your tax return can be daunting, especially if you're new to the process. However, understanding the deductions and ...

The Treasury Department’s Office of Inspector General says it's launching an audit of the security controls for the federal ...

With tax season right around the corner, it is necessary to know our income and expenses and how they affect our tax return. One of these expenses is the interest you pay on your s ...

The federal government readjusts tax brackets and the annual standard deduction each year to keep up with inflation. One ...

Dear Savvy Senior, What can you tell me about the IRS income tax filing requirements for retirees this tax season? My earned ...

Plus: A slow start to the tax filing season, movement on the budget, refusing to file, rescheduling cannabis, tax filing deadlines, industry updates, trivia, and more.

There's an indefinite hiring freeze in place at the IRS, but fears about it's impact on the 2025 tax season might be misplaced.

IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained ...