Income tax

The IRS has revised its income tax brackets in 2023 due to inflation, which will likely reduce the amount of money you will owe in taxes.

Most of the third round of stimulus checks has been sent. But if you never received a payment or your circumstances have changed, you may be eligible for money.

Sen. Elizabeth Warren praised the Biden administration’s renewed effort to introduce a new tax on the country’s wealthiest households.

President Joe Biden’s 2023 budget could help fund service improvements for Social Security. Some groups had hoped to see more in the president’s proposal.

As two states put temporary gas tax holidays in place, savings may be limited. Plus, it won’t help price pressures from inflation and Russia-Ukraine conflict.

More than a dozen states added or expanded earned income tax credits in 2021. Here’s what to know about this write-off for low to moderate earners.

Research finds free tax return filing programs may be the answer to ensuring those who are eligible receive the government money due them.

At companies that offer a 2.5-month grace period to spend the previous year’s unused funds, the deadline is March 15.

The age you claim Social Security largely determines the size of your monthly checks. But there are still ways you can boost that benefit payout.

Millions of parents would love to see more monthly child tax credit checks. But getting lawmakers to renew those payments under the same terms may be difficult.

Married couples may file income taxes jointly or separately. The tax code typically rewards joint filers, but filing apart may be better in some cases.

An estimated 70% of Americans filing taxes, or 100 million people, can submit their returns for free through an IRS program.

This year is something of a return to form after the coronavirus delayed the start of the 2021 filing season. But there are a few changes you need to know.

Yesenia Vega and Mickey Aguilar are among the many Americans who are eager to file their taxes. “Usually the minute I have my W2’s I go to my guy,” said Aguilar. While it may be an anticipated period for many this year’s tax filing season is likely to be another challenging one because of pandemic-related tax changes and the...

Five states lowered income taxes at the start of 2022. Here’s a look at how the changes will affect taxpayers.

“I am deeply concerned about the upcoming filing season,” National Taxpayer Advocate Erin M. Collins said in a report.

If you received monthly advance child tax credit payments in 2021, there may be a costly surprise when filing your return this season.

There are steps people can take to ensure their tax return and refund don’t face processing delays, said IRS Commissioner Chuck Rettig.

Filing your taxes as soon as possible can protect against fraud and make sure you get any refund you’re owed faster. Here’s what to prepare now to get ready.

Social Security benefits are poised to get the largest annual increase in decades. Here’s what beneficiaries can expect when those checks start this month.