A memo to states last week confirmed what many have long expected was coming: “IRS Direct File will not be available in Filing Season 2026. No launch date has been set for the future.” ...
Young and the Invested on MSN
The tax form trifecta: Master the W-2, W-4, and W-9
The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...
The AICPA asked the IRS and Treasury to provide guidance on the reporting and substantiation requirements for deductions of qualified tips and overtime pay allowed under the sweeping new tax law, ...
Millions of taxpayers have been reminded to file their 2024 tax returns by the end of Wednesday. The Internal Revenue Service (IRS) said the October 15 deadline applies to taxpayers who were granted ...
Americans, particularly the affluent, are set to receive larger tax refunds or smaller tax bills when they file in 2026, because of President Donald Trump’s tax and spending package passed in July, an ...
As the federal government shutdown grinds on, most Internal Revenue Service operations are closed. With agency-wide furlough in place since Oct. 8 for everyone except already-identified excepted and ...
IRS says lenders can offer an online portal to buyers for spotting total amount of interest paid on new car loans in 2025. Borrowers who took out a car loan in 2025 will need to file a new Schedule ...
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 ...
Inflation refund checks and Anchor rebate checks are on the way for some Americans, as others are waiting on a tariff rebate update, IRS tax refund or another stimulus check in 2025. Here's what to ...
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 IRS is raising standard deductions for 2026 — up to $32,200 for joint filers and $16,100 for singles — along with larger credits for families, adoptions, and employer-provided childcare. The top ...
As it does each year, the IRS has announced inflation adjustments to several tax credit and deduction amounts for 2026. This includes new 2026 income tax bracket thresholds, higher standard deduction ...
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