IRS Updates FAQs on Electric Vehicle Tax Credits
The revised FAQs pertain to the new, previously owned, and qualified commercial clean vehicle credits.
The revised FAQs pertain to the new, previously owned, and qualified commercial clean vehicle credits.
It’s Tax Day, so there’s no better time for the IRS to pat itself on the back for a job well done as filing season ends for most Americans.
The use of such referral and information services would be excluded from employees' taxable gross income, according to the IRS.
President Joe Biden and first lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in AGI last year.
A new Senate committee report sheds light on how older adult scam victims end up with big tax bills and lost retirement savings.
Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.
By taking the right steps, it's possible to avoid overpaying taxes and enjoy tax benefits.
Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.