Standard Deduction1Deduction Single: $12,950 Joint returns & surviving spouses: $25,900 Married filing separately: $12,950 Head of...

IRS is disbursing its last monthly child credit payment for 2021 on Dec. 15. Taxpayers who file a federal return next year will use...

WASHINGTON – As part of a wider effort to increase security, the Internal Revenue Service today reminded taxpayers they can get extra...

In Internal Revenue Service Notice 2014-21, virtual currencies like Bitcoin are classified as property. The IRS is aware of the growing...

Self-employed individuals can deduct their Medicare premiums above the line. Medicare premiums paid by a self-employed individual are...

The Social Security Administration announced a 1.3 percent boost to monthly Social Security and Supplemental Security Income (SSI)...

IRS and the Justice Dept. are on the prowl for undisclosed foreign accounts, devoting resources to get U.S. owners of the accounts to...

Businesses that are slowly emerging from the COVID-19 pandemic should now keep their eye on another looming obstacle: IRS audits. In late...

Don’t expect tax increases in 2021, either on corporations or rich individuals. Joe Biden may have campaigned on higher taxes for...

Forced to Withdraw from Retirement Accounts?!

Initial loan forgiveness application now available

the IRS is granting a delay in claiming 2016 tax refunds until July 15, 2020.

There is confusion regarding whether seniors who receive Social Security have to file a simple tax return to get their $1,200 stimulus check

June 15 deadline moved to July 15

Beginning April 3, 2020, your small business can apply for a PPP loan funded as part of the coronavirus CARES Act.

PPP loan forgiveness just got a lot easier thanks to the Paycheck Protection Flexibility Act passed by Congress.

In addition to filing delays and a one-time stimulus payment, the IRS is implementing many changes in response to the coronavirus pandemic.

Here are 6 ways to get cash to help pay for your monthly expenses.

To check on status or speed things up. Want faster payment? Payment not yet received? Use the Get My Payment tool.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act recently signed into law provides a one-time payment, among other items, to i