Shapiro, Yellen announce IRS's Direct File coming to Pennsylvania
Pennsylvania will offer the IRS's free electronic tax-filing system, Direct File, to residents next tax season.
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Pennsylvania will offer the IRS's free electronic tax-filing system, Direct File, to residents next tax season.
The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
If you're one of the millions of taxpayers who delay their taxes, it's easy to get an extension to October 15.
Many parents of the West Chester University students said they froze their children's credit to avoid more financial damage.
The Internal Revenue Service is currently investigating the matter following a CBS News Philadelphia investigation.
The 2024 tax season officially begins Monday with a filing deadline of April 15.
The IRS announced that it expects more than 128 million individual tax returns to be filed by the deadline, so they're trying to help and have made some changes this year.
Rules under the American Rescue Plan of 2021 require small businesses, gig workers and freelancers making over $600 to report that to the IRS.
The IRS has boosted the income thresholds for each tax bracket for 2024.
The IRS is set to announce new tax bracket thresholds for the 2024 tax year. One expert says to expect a 5.4% increase from last year.
Hunter Biden alleges the IRS unlawfully disclosed his tax return information and did not establish safeguards to ensure the confidentiality of his records.
The Internal Revenue Service case agent who handled "95%" of the tax evidence in the Hunter Biden investigation told CBS News that he "felt handcuffed" during the five-year probe and blocked from pursuing leads that he thought might implicate Hunter Biden's father, President Joe Biden.
The federal prosecutor leading the investigation of President Joe Biden's son Hunter is pushing back against claims that he was blocked from pursuing criminal charges in Los Angeles and Washington.
Some taxpayers will be able to test a prototype in 2024, possibly paving the way to a widespread free filing system, IRS said.
It's easy to get more time to file before the April 18 deadline, but you'll still have to pay the IRS if you owe money.
Students in a finance and accounting class at George Washington High School are learning how to prepare tax returns.
The documents contain details that were not previously public, such as loans he gave to his children, income from book royalties and Melania's modeling, and how much of his presidential salary was given to charity.
Tax agency cautions Americans not to expect to receive refunds by specific date to pay bills or make big purchases.
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
The Internal Revenue Service is launching a criminal investigation after revealing that information on more than 100,000 tax payers was accessed by thieves online.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
