The Treasury Department and Internal Revenue Service this week opened a sweeping public comment period on a new federal tax ...

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

The credit will apply to donations made to scholarship-granting organizations that support elementary and secondary students.

The federal child tax credit (CTC) is a key benefit that helps families offset the costs of raising children. For years, data show that the CTC has provided tax relief to millions of households, with ...

Claiming family tax credits is a must if you're eligible. Not only can family tax breaks lower your tax liability, but they may even increase your refund. However, which credits you qualify for can ...

WE ARE STILL MONTHS AWAY FROM TAX SEASON, BUT IT’S NEVER TOO EARLY TO BE PREPARED FOR THE CHANGES THAT ARE ON THE WAY. AND THAT INCLUDES CHANGES TO CHILD TAX CREDITS AND SOME UPDATES FOR SENIORS. SO ...

The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions that provide expert advice on some of the most pressing challenges facing the nation and world. Our ...

A county-run senior care facility in Michigan is suing the Internal Revenue Service to collect nearly $5 million it says the federal government owes it in employee retention credits earned during the ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

The Internal Revenue Service has hit taxpayers with over $162 million in penalties for claiming fraudulent tax credits they heard about through social media. The claims involve illegitimate claims for ...

With IRS tightening enforcement on dependents and tax credits, families face heightened scrutiny for mistakes on 2024 and 2025 returns IRVINE, CA / ACCESS Newswire / July 30, 2025 / As the IRS ramps ...