The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...

Learn how interest from savings accounts, including HYSAs and CDs, is taxed. Understand reporting requirements and strategies ...

The IRS delays key payroll and withholding updates, giving taxpayers and employers a temporary break before new rules arrive ...

The IRS has announced a delay in implementing updated tax withholding tables until the fiscal year 2026. This decision aims to prevent disruptions for employers, payroll processors, and taxpayers who ...

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 ...

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 ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

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 ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to reporting requirements.

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 ...

The Internal Revenue Service gave auto lenders some idea of how they'll handle a brand new deduction for car loan interest in 2025. Lenders must provide appropriate information so that consumers who ...

Don’t expect to wait by the mailbox for your tax refund check in the spring. The Department of Treasury is transitioning to fully electronic payments, a change that means tax refunds issued by the IRS ...