Trump’s “big beautiful bill” includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise ...

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

Wondering why is my tax return so low this year? Learn the most common reasons for smaller refunds and steps you can take to boost your refund next year.

The federal tax collector said Monday, March 25, 2024, that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020.

April 15 is the filing deadline for 2024 federal income tax returns for most people. Others in states hit by disasters have until May 1 or Oct. 15.

The news release says that tax payers have claimed more than $6 billion in credits for residential clean energy investments on 2023 tax returns filed and processed through May 23, 2024.

Imagine opening a letter from the IRS in early June that says you owe $6,000 for your federal income taxes for 2023. Except you paid that bill. On time, mind you.

Imagine getting a letter from the IRS in June that says you owe $6,000 in federal income taxes. Except you paid that bill.

Imagine opening a letter from the IRS in early June that says you owe $6,000 for your federal income taxes for 2023. Except you paid that bill. On time, mind you. And now, the IRS is sending you a ...