After you die, there may still be taxes to pay. Death can be a tax-triggering event. And there are two you should be aware of: the estate tax and inheritance tax. Many people think they’re the same, ...

Several Illinois programs offer free income tax prep for low- to moderate-income families and older adults who need ...

If you get paid through Venmo, PayPal, Cash App or another payment app, you may receive a Form 1099-K this year. Here’s what ...

President Donald Trump's administration is continuing its radical effort to cut much of the federal government and make sweeping changes.

As tax season unfolds, these changes aim to provide more substantial support to families across the United States.

Elon Musk, required by federal law to file financial disclosures as he rampages across government, doesn't want anybody else ...

Navigating the complexities of tax payments can be daunting, especially when it comes to ensuring sufficient funds in your bank account. The IRS imposes penalties on taxpayers who attempt to pay their ...

The IRS has kicked off the 2023 tax season with a suite of upgraded digital tools aimed at simplifying the filing process for ...

Donations to charity can be tax-deductible if you donated to an IRS-recognized charity in 2024 and did not receive anything in return.

IRS has laid off 6,700 employees, with over 5,000 auditors and collection staff let go. This decision, coming in the middle ...

"When taxpayers expect prompt customer service and smooth processing of their tax returns, the administration has chosen to decimate the whole operation by sending dedicated civil servants to the ...

With the IRS laying off thousands of employees Thursday, many Americans may be wondering if their tax returns – or their refunds – will be affected.