Income Tax

A federal grand jury indicted Charles M. Stivers last week on two charges of making false statements on tax returns in 2018 and 2020.

The IRS says most e-filed tax refunds are direct deposited into taxpayer bank accounts in as little as 10 days, so why pay to get your refund?

This easy chart can tell you when you are likely to receive your 2024 income tax refund, if you are due one. E-filing of tax returns will likely start in January.

Beginning on Jan. 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.

Lawmakers are asking the IRS to accelerate an investigation into rich Americans seeking lucrative tax breaks in Puerto Rico.

The agency's actions, which were reported by TIGTA in May 2022, drew scrutiny from lawmakers and tax professionals.

While the actual percentages will remain the same, the income levels of each bracket change annually to adjust to inflation.

Treasury secretary says cutting IRS funding to pay for Republicans’ $14.3 billion Israel aid bill would be “damaging and irresponsible.”