On November 21, 2025, the U.S. Treasury Department (“Treasury”) and the Internal Revenue Service (the “Service”) released final regulations ...

(a), taxpayers may deduct expenses paid during the tax year for medical care, provided these expenses are not compensated by ...

Taxpayers who make frivolous arguments in Tax Court risk the imposition of penalties by the court of up to $25,000.

Tax refunds are likely going to be supersized in 2026 because of the One Big Beautiful Bill Act, which made major reforms to ...

Stephanie Murrin underpaid her taxes from 1993 to 1999 because her tax preparer, Duane Howell, placed false or fraudulent entries on her tax returns with an intent to evade tax. Murrin did not intend ...

The IRS has quietly set the rules that will shape how much of your 2026 income ends up in Washington, and the changes are ...

Employee layoffs at the Internal Revenue Service (IRS) could impact the timely return of tax refunds and other services, experts have said. Newsweek has contacted the IRS for comment via email outside ...

PORTLAND, Ore. — Oregonians filing state tax returns next year can still do so by using the state's free program, even though the federal free program will not be available. The IRS notified the ...

A previous version of this report included an incorrect figure for Ford’s year-to-date sales performance in EVs. The fear of missing out on expiring tax credits juiced electric-vehicle sales last ...

WASHINGTON—The Internal Revenue Service is officially ending Direct File, the free, government-run tax-filing pilot program that the Biden administration started last year. Instead, the Trump ...

The IRS has issued a private letter ruling on Section 1362(f) of the Internal Revenue Code, concluding that taxpayer will continue to be treated as an S corporation because taxpayer’s ...

The last annual Veterans United Home Loans light display will run Dec. 10-21. Bright Lights Holiday Nights is a mile-long, drive-thru light display that the company has hosted for five years. When: ...