IRS September 14, 2026
The IRS processed nearly 99% of individual returns in 2026, but taxpayers with suspended returns, paper filings or problems requiring employee help faced longer waits.
September 14, 2026
September 14, 2026
September 11, 2026
September 11, 2026
Taxes May 15, 2025
Rep. Mike Lawler traded insults with fellow Republican Rep. Marjorie Taylor Greene in a nasty online spat over his push for a higher cap on deducting state and local taxes.
Taxes May 15, 2025
The Tax Counseling for the Elderly and Volunteer Income Tax Assistance grants allow eligible organizations to apply for annual funding to provide free federal tax return preparation assistance for up to three years.
IRS May 14, 2025
The Trump administration’s refocusing of federal resources on immigration has landed at the Chicago office of IRS-CI, where agents are now being prepared for unprecedented special assignments to help track down undocumented immigrants.
Taxes May 14, 2025
The draft framework put out Monday by the Ways and Means Committee takes aim at billions of dollars of incentives in the Inflation Reduction Act, including tax credits for electric vehicles and solar and wind projects.
Taxes May 14, 2025
Generally, you can deduct the fair market value (FMV) of appreciated property donated to charity if you’ve owned the property longer than a year.
Taxes May 14, 2025
Although damages paid due to physical injuries are tax-exempt, other payments for non-physical injuries are generally subject to tax. In this case, a man who claimed he was injured while he was incarcerated walked away with a split decision.
Taxes May 14, 2025
House Republicans could land on a compromise on the state and local tax deduction on Wednesday, a deal that would represent a breakthrough in one of the thorniest policy debates in President Donald Trump’s economic package.
Taxes May 13, 2025
A letter signed by the two actors urged the president to support tax measures and a federal tax incentive that would help bring film and TV production back to the U.S.
Taxes May 13, 2025
New York Reps. Mike Lawler and Nick LaLota say they plan to vote against the president’s tax cuts package because it only includes an increase in the SALT cap to $30,000, too low for the middle-class and affluent communities they represent.
Taxes May 13, 2025
House Republicans are proposing to eliminate a tax credit for electric vehicles and phase out incentives to develop clean-energy projects to help pay for President Donald Trump’s massive tax package.
Taxes May 12, 2025
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on May 12.
Taxes May 12, 2025
The House Ways and Means Committee release of the tax measures, ahead of planned debate on the panel Tuesday, is a sign the Republican-controlled chamber is moving toward a floor vote this month on the legislation.