A recent Credit Karma survey found that 37 percent of taxpayers rely on their refund to get by, rising to 50 percent among millennials. Nearly half of those respondents who count on their refund said ...

The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will ...

You can avoid paying taxes on your retirement account withdrawals if you have enough deductions to offset the amount you take ...

Navigating the complexities of federal taxes can be daunting, but understanding the essential components can simplify the process.

Wealthy taxpayers could get a break if Congress and Trump agree to raise the limit on federal deductions based on your local ...

Learn if you can file your state taxes before your federal taxes, and understand the steps and requirements involved.

Since tax season tends to sneak up in the haze after the holidays, it's important to note the major deadlines for filing and paying your taxes. While a majority of states adhere to the federal ...

The IRS on Friday announced January 27 as the official start date of the 2025 tax season, and expects more than 140 million tax returns to be filed by the April 15 tax deadline.

Now that the 2024 tax season is underway, people online are looking for ways to file their taxes for free. The IRS announced on Jan. 22 that Free File, a federal program that partners with outside ...

You will get an automatic extension to file as well as to pay any remaining federal income taxes you may owe. (The IRS compiles a list of those areas and the relevant tax-filing deadlines here.) ...

These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds ...