Income Tax

Direct File will now be a permanent option for taxpayers in states that choose to participate, and New Jersey said it's in.

The agency provided an update July 25 on its Strategic Operating Plan, which sets out several priorities for the IRS to accomplish.

Danny Werfel said he's "fairly optimistic" the Supreme Court ruling won't deter future efforts to provide better taxpayer services.

Notice 2024-60, issued by the IRS on July 24, details how taxpayers can claim the credit for the sequestration of carbon oxide.

Individual and business taxpayers in 67 counties now have until Feb. 3, 2025, to file their returns and make tax payments.

The case will go before the state's Supreme Court after a lower court ruled earlier this year that the tax is unconstitutional.

Donald Trump’s 2017 Tax Cuts and Jobs Act was the biggest corporate tax cut in U.S. history. But how has it affected the economy?

The decision in Connelly v. United States last month impacts certain types of smaller businesses, in particular closely held companies.