The Internal Revenue Service (IRS) estimated the gross tax gap for the 2022 fiscal year to be an astounding $696 billion. The IRS defines the gross tax gap as the difference between tax owed and the ...

The Internal Revenue Service hasn’t announced the official start of tax season. That’s the date – typically in mid-January – when the tax agency starts processing returns and sending out refunds. But ...

Here's how the new IRS inflation adjustments are increasing the contribution limits for your 401(k) and IRA in the new year.

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

Claiming large refunds, and doing so by amending returns, increases the chance your filings will be scrutinized.

On Thanksgiving the president teased the end of the federal income tax.

"New 2025 ACA 1095 software now available and includes enhanced add-on e-file services for 2026," said Dr. Ge, Founder of ...

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 post IRS Sets 2026 Inflation Tax Adjustments appeared first on Self Employed.

Q: A friend is buying his parents’ home. He is using an online lender. He doesn’t have a real estate agent, and there is no ...

October 15th was the final deadline for filing your income tax return. While many people look forward to a refund, millions ...

The IRS has increased security checks on its digital platforms in recent years, responding to rising identity theft and ...