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Childless workers this year can claim an Earned Income Tax Credit worth up to $1,500 — triple the usual amount.
Millions of buyers and sellers of cryptocurrency will need to declare their digital currency transactions to the IRS.
The American Rescue Plan gave a one-year boost to a tax credit aimed at helping parents who pay for child care.
Although the enhanced payments ended in December, families who didn't get their money last year can still claim it.
Families who received monthly payments in the second half of last year can still get up to $1,800 for children younger than 6 and $1,500 for children ages 6 to 17 as part of their refund.
The agency's Taxpayer Advocate said to avoid delays, people should triple-check for errors, file electronically and use direct deposit for refunds.
Taxpayers and accountants say they are frustrated by difficulties in reaching the IRS. That's not likely to change.
The agency is warning of "major challenges" for taxpayers due to a significant backlog of returns from last year and major staff shortages.
The issue could create tax refund delays for parents if they rely on faulty information to complete their tax returns.
The agency's top watchdog called last year's tax filing season the most challenging ever experienced and warned this year could be worse.
Filing season opens January 24 and Treasury officials are urging taxpayers to get their tax returns in as early as possible.
People usually get their refunds within three weeks, but this year is proving complicated for nearly 30 million filers.
Officials face pressure to delay as small business owners, freelancers and gig workers prepare for the first quarter deadline.
Accountants had pressed the tax agency for more time given the challenges of dealing with the coronavirus pandemic.
This tax season, pandemic-related financial assistance could complicate things for millions of Americans. CBS affiliate WNEM-TV's Jamie Sherrod breaks down what's different.
Tax experts are suggesting that people file their 2020 tax returns as soon as possible this year in order to help make sure they receive as much as they're entitled to if Congress passes another round of stimulus checks. CBS MoneyWatch reporter Aimee Picchi joins CBSN AM to discuss.
Tax confusion is being caused by the COVID-19 pandemic. CBS News business analyst Jill Schlesinger explains what people can deduct and what payments are taxable in 2020 returns.
Many employees working from home during the pandemic could be in for a tax shock: Owing money to another state.
The pandemic likely impacted your 2020 taxes, but what's really deductible? CBS News business analyst Jill Schlesinger joins "CBS This Morning" to explain.
The IRS has no deadline to go after taxes it's owed if someone hasn't filed a return.
Questions abound about the stimulus checks and taxes. Read on to learn how it will impact your tax situation.
CBS News business analyst Jill Schlesinger joined "CBS This Morning" with last-minute advice on filling your 2019 taxes.
Almost 1 in 3 jobless workers mistakenly believe their unemployment benefits are tax-free.
Taxpayers who haven't yet filed their taxes will need to get them to the IRS by July 15 or request an extension.
Your state, local, property and sales taxes can be steep. Here's how to figure out whether to itemize deductions.
