The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...

The National Taxpayer Advocate, Erin Collins, released her fiscal year 2026 Objectives Report to Congress. While the ...

For many taxpayers, receiving a tax refund is a highly anticipated event. The Internal Revenue Service (IRS) has announced ...

It often starts with a letter from the IRS. Join our community today and get unlimited access to Accounting Today.

This latest round of IRS warning letters comes at a time of intense discussion over crypto tax policy in Washington. While ...

Discover how child support payments impact your taxes. Find out if child support is taxable and learn about claiming your ...

Another way to reduce your taxable income is by contributing to a traditional IRA. The maximum contribution is $7,000 in 2025 ...

If your income was $84,000 or less in 2024, you may be able to file your taxes through IRS Free File, a program in which online tax prep companies partner with the IRS to provide free services.

If IT modernization projects fall behind schedule, IRS staffing cuts could jeopardize the success of next year’s filing season, an agency watchdog warns.

Working parents often face extra expenses, such as summer day camp for their children. Many people don't know they might qualify for tax credits.

With over 23.5 million tax returns already filed, the average refund has risen from $1,741 in 2024 to $2,065 in 2025. For ...