The IRS and the Treasury are asking for comments on regulations they plan to propose for a new tax credit for donating to ...

The IRS just announced inflation adjustments that could put more money in your pocket for 2026. Suspect in $20M fraud ring operating in 45 states arrested: Deputies Biden warns of dark days for the ...

This conflict could already be seen with the pilot program. According to a report by an Inspector General, the IRS’s Direct File software failed to list certain education tax credits that filers could ...

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 ...

Nearly 24,000 New Mexico families could be missing out on more than $10 million in child tax credits they didn’t claim on their 2023 or 2024 returns.According to the New Mexico Taxation and Revenue ...

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 ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

The Internal Revenue Service Thursday released the updated tax brackets for the 2026 tax year. Changes to the standard deduction, earned income tax credit, estate tax credit, and more were also ...

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 ...

In just a few days, the federal tax credit for electric vehicles — which knocks several thousand dollars off the price of many new or used EVs for qualified buyers — will be history. A few years ago, ...

Since 2022, the IRS has witnessed a concerning surge in refund claims. The most recent of these stems from deceptive social media posts and individuals pretending to be tax experts, luring ...

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 ...