The Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the recent tax reform law. Notice 2025-57 provides penalty ...

The U.S. Senate on Monday passed the Internal Revenue Service Math and Taxpayer Help Act, H.R. 998, which, among other changes, requires the IRS to provide taxpayers ...

The IRS recently released the inflation-adjusted tax brackets for the 2026 tax year. The updated standard deduction was announced as well. With all other factors being equal, some high earners could ...

The Trump administration is reportedly considering making changes at the division of the IRS dedicated to conducting criminal investigations, The Wall Street Journal reported Wednesday, which could ...

Guidance is now available from the Internal Revenue Service for deposit penalty relief for the first three quarters of 2026 to remittance transfer providers. Notice 2025-55 provides relief in ...

Millions of Americans have been swept up by viral posts falsely claiming the IRS is dropping fresh 'October stimulus' direct deposits worth between $1,400 (£1,048.35) and $2,000 (£1,497.64). The rumor ...

Managing your finances in a tax-efficient way requires planning and understanding of the current tax laws. A key aspect of that planning is being aware of federal income tax brackets. These brackets ...

The IRS walked back previous guidance indicating furloughed employees would receive back pay during the government shutdown Thursday, writing that an agency under the president would provide further ...

The IRS on Thursday announced changes to the income tax brackets for tax year 2026. The income thresholds of all slabs have been increased. The Internal Revenue Service (IRS) announced the new federal ...

Due to funding lapses, the IRS will begin an agency-wide furlough on October 8, though core operations related to filings and payments will remain active, according to a spokesperson. Now, only 39,870 ...

The IRS has released new federal income tax brackets for 2026, the agency announced in a news release published on Thursday, Oct. 9. The updates are due to changes in inflation and a new tax law that ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...