The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024.

U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns.

The IRS is expanding its program that allows people to file their taxes directly with the agency for free.

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years.

The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed into law in 2022.

An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases.

The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper.

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.

The IRS will make permanent the free electronic tax return filing system that it experimented with this year.

Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes.

The IRS says more than 140,000 taxpayers filed their taxes through its new direct file pilot program.

On this Tax Day, refunds are looking a bit bigger for taxpayers.

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy.

The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit.

Scammers look for ways to trick people into giving them money year-round, but tax season can be particularly fraught.

After weeks of testing, an electronic system for filing returns directly to the IRS is now available for taxpayers from 12 selected states.

Tax season is underway in the U.S. Filing taxes can be a daunting task that’s often left until the last minute.

The government's new free electronic filing system for income tax returns is getting its first users this filing season.

A new IRS inspector general report says the agency continued to give 19 contractors access to sensitive systems despite failing background reports as recently as last July.

The IRS says it expects to collect hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated using funding provided to the agency by the Democrats’ Inflation Reduction Act.

As tax filing season officially starts Monday, a limited number of taxpayers in 12 states will soon be eligible for a program that will allow them to calculate and submit their returns directly to the IRS without having to pay for commercial tax preparation software.

Tax season starts today and for many people filing U.S. tax returns — especially those doing it for their first time — it can be a daunting task that’s often left to the last minute.

A former contractor for the Internal Revenue Service who pleaded guilty to leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people was sentenced to five years in prison on Monday.

A majority of U.S. taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return.

Congress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic.

The IRS wants to rewrite its complicated letters to taxpayers and speak to people in plain English.

The IRS says it has collected an additional $360 million in overdue taxes from delinquent millionaires.

The IRS is still too slow to process amended tax returns, answer taxpayer phone calls and resolve identity theft cases, according to an independent watchdog within the agency.

The IRS has announced January 29 as the official start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the April 15 tax deadline.

No matter who takes home the College Football Playoff championship Monday night in Houston, a rare nonprofit from the murky, still-developing world of Name, Image, Likeness programs is set to come out on top.

The IRS says it's going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 a year for tax years 2020 or 2021.

Regulations are a double-edged sword.

Users of Venmo, Cash App and other payment apps will get a bit of a tax reprieve this year.

The Internal Revenue Service announced its annual inflation adjustments last week.

The Internal Revenue Service announced its annual inflation adjustments last week.

The IRS plans to invite a select group of taxpayers across 13 states to try out the agency’s pilot electronic free file tax return system, beginning this January.

A former contractor for the Internal Revenue Service charged with leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people pleaded guilty Thursday in an agreement with prosecutors.

The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest.

A former contractor for the Internal Revenue Service has been charged with leaking tax information to news outlets about thousands of the country’s wealthiest people.

The Internal Revenue Service said Thursday it will pause accepting claims for a pandemic-era tax credit until 2024 due to rising concerns that an influx of applications are fraudulent.

The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes.

A generation ago nonprofit organizations regularly lobbied for legislation and served as advocates on issues.

Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025.

The IRS says it is ending its decades-old policy of making unannounced home and business visits — in a an effort to keep its workers safe and combat scammers who pose as IRS agents.

Plans by the IRS to test a new electronic free-file tax return system next year have got supporters and critics of the idea mobilizing over whether the government should set up a permanent program to help people file their taxes without needing to pay somebody else to figure out what they owe.

The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avoid budget cuts sought by Republicans who want to gut the agency.

The IRS has processed tens of millions of tax returns faster this year compared with years past, and getting through to customer service on the phone is slowly improving.

Republicans are seeking to make good on campaign promises to reduce IRS funding through the proposed debt ceiling and budget cuts package passed by Congress.

The IRS is planning to launch a pilot program for a government-run, online tax filing system that’s free for all.

The IRS is taking steps to protect the identity of its workers in an effort to deter personal threats aimed at the tax agency's employees.

That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit.

House Speaker Kevin McCarthy has unveiled a sweeping package that would raise the nation’s debt limit by $1.5 trillion into next year.

The deadline to file your 2022 taxes is April 18, 2023 -- but if you haven’t filed in time, you have options with extensions.

The IRS says it has answered 2 million more calls this tax filing season than a year ago, with the average phone wait time now at four minutes.

The IRS is outlining how it plans to use an infusion of $80 billion for improved operations.

The U.S. Senate has confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service by a vote of 54-to-42.

A federal judge has sentenced a Detroit woman to more than four years in prison for her role in a scheme to defraud the Internal Revenue Service and six states out of about $28 million in tax returns.

Senators who have been arguing over how much money to give the IRS and how it should be spent found at least one point of unanimity as they considered President Joe Biden’s nominee to lead the agency on Wednesday.

The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year.

The official start date of the 2023 tax filing season is Jan. 23, when the IRS will begin accepting and processing 2022 returns.

The IRS is beginning to see “a light at the end of the tunnel” of its customer service struggles, thanks to tens of billions of new money from the Democrats’ climate and health law and the authority to hire more people.

A watchdog investigation initiated after the tax returns of two former FBI directors had been subjected to intensive audits during the Trump administration has concluded that the reviews from those years were conducted at random.

House investigators say a federal contractor that provided identity verification services for the Internal Revenue Service overstated its capacity to perform its services.

President Joe Biden has nominated a new commissioner to steer the IRS forward as it gets a massive funding boost.

The crime-fighting arm of the IRS has identified more than $32 billion in funds this past fiscal year for eventual seizure.

The IRS says the amount of income tax money owed but not paid to the government is projected to grow.

The IRS has hired an additional 4,000 customer service representatives who are being trained to answer taxpayer questions during the 2023 tax filing season.

IRS pleas for more funding from Congress finally paid off this summer.

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year.

You could be keeping more of your money next year, thanks to inflation and tax adjustments announced by the IRS for the 2023 tax year.

The Inflation Reduction Act provides $15 million for the IRS to study how it could create a program that allows Americans to file their taxes for free.

The Internal Revenue Service says it is conducting a comprehensive review of safety at its facilities.

The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system.

One of Washington’s favorite punching bags, the Internal Revenue Service, may finally get the resources it’s been asking Congress for if Democrats get their economic package focused on energy and health care over the finish line.

An IRS watchdog says customer service issues are worsening at the tax-return-processing agency.

The Internal Revenue Service says that it will have erased its backlog of last season’s tax returns by the end of this week.

A new government watchdog report finds that while most Americans are eligible to file their taxes for free, only a fraction use the services provided through the government.

Tax Day generally falls on April 15, but this year, most Americans will have to file their individual income taxes by April 18.

Two House committees have launched an investigation into the government’s use of facial recognition software.

For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.

Small businesses that have been buffeted by the pandemic, inflation and shipping woes have another challenge to add to their plate: taxes.

The IRS is announcing plans to hire 10,000 new workers to help reduce a massive backlog that the Biden administration says will make this tax season the most challenging in history.

We're sharing important information about how thieves are trying to trick you as you work to file your taxes right now.

At a time when calls to the IRS have reached record levels, a private company lets those who are willing to pay jump to the front of the line to get their phone calls answered.

The IRS sys it will stop using facial recognition technology to authenticate people who create online accounts after the practice came under criticism from privacy advocates and lawmakers.

There’s an important update for the thousands of people who took advantage of the child tax credit last year.

There’s an important update for the thousands of people who took advantage of the child tax credit last year.

Each year, tax payers get conned by tax-related schemes meant to steal money and personal information from people.

The six-year legal battle over Prince’s estate has ended.

This year’s tax filing season will begin on Jan. 24, 17 days earlier than last year.

The Internal Revenue Service announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.

Here are this morning's top stories.

The Internal Revenue Service announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.

Published reports say executives at a New York hedge fund have agreed to pay as much as $7 billion to settle a long-running dispute with the U.S. tax authorities.

A complaint filed with the IRS alleges that a conservative group is violating its nonpartisan and nonprofit status by using a voter data system linked to the Republican party.

If you have children under the age of 17, you might want to check your bank balance Thursday night -- there may be a little extra cash in there as part of the American Rescue Plan.

Despite the May filing deadline, millions of Americans still have yet to receive their federal tax returns.

The child tax credit can be considered a game changer for families and can be worth hundreds of dollar a month for parents.

IRS Criminal Investigation is working to recruit special agent candidates.

As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals.