The IRS may grant a reasonable extension if the taxpayer provides satisfactory evidence of acting reasonably and in good ...

Takeaways For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax deduction on qualified overtime pay and qualified tips.

The White House is reviewing a proposal from the IRS requesting that the US join CARF, an international crypto tax reporting system established to combat tax evasion.

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 ...

(NEXSTAR) – Millions of Americans could see a financial bump thanks to inflation adjustments to the tax code announced by the IRS Tuesday. The changes to federal brackets, prompted by the rising costs ...