On January 10, the US Treasury Department (Treasury) and the US Internal Revenue Service (IRS) released proposed regulations under Section 45W of ...

Approximately 1 million taxpayers will receive unclaimed rebate checks from the IRS in the coming weeks. The payments will be deposited automatically and will be up to $1,400. The payments are for ...

Approximately 1 million taxpayers will receive unclaimed rebate checks from the IRS in the coming weeks. The payments will be deposited automatically and will be up to $1,400. The payments are for ...

With the arrival of tax season in late January, taxpayers will have access to guided software known as Free File, the Internal Revenue Service (IRS) has announced. The software has been available ...

The Internal Revenue Service (IRS) on Friday announced Jan. 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 ...

For your child or dependent to qualify, they must have a Social Security number that is valid for employment in the U.S., according to the IRS. They must be under 17 years old at the end of the year.

The Internal Revenue Service is preparing for a tax season that will look quite different for 2025, with the coming expansion of the agency’s Direct File program and other modernization efforts — but ...

The new withholding tax tables that accommodate the changes to the IRS included in the State Budget for 2025 (OE2025) were published today in the Official Gazette, applying to income earned from ...

Several days ago, the US Internal Revenue Service (IRS) issued a statement providing temporary relief on crypto cost-basis reporting rules. While a good thing for digital asset investors ...

If you didn’t back then, you might receive it by the end of the month now. While the IRS is usually painted as a villain, they will me making sure anyone who was eligible for the Recovery Rebate ...

The IRS cost-basis accounting rule will no longer take effect until January 2026. Brokers and key players did not implement measures to permit rollout this year. The postponement will help prevent ...

The IRS has moved crypto tax reporting rules back to Dec. 31 to let brokers adapt to new regulations. The new rule required users to choose tax accounting methods for crypto assets unavailable on ...