As the IRS begins accepting 2024 tax returns, individuals should prepare for potential delays with certain credits, ensure all income is reported, and consider filing for an extension if necessary.

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, ...

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 ...

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 ...

Tax brackets for 2026 have edged higher, keeping in step with inflation. Those who are feeling financial strain right now are about to get some relief. Taxation of capital gains won't hurt quite as ...

Iowa Gov. Kim Reynolds and GOP lawmakers are renewing efforts to overhaul the state's property tax system. Republicans failed to pass a property tax bill in the 2025 legislative session despite it ...

“It’s going to take years before the IRS gets to its pre-2025 levels of efficiency, if at all,” said Phil Karter, a shareholder at Chamberlain, Hrdlicka, White, Williams & Aughtry. The furlough of ...

Although the U.S. government remains closed, taxpayers who requested a filing extension from the IRS earlier this year remain on the hook to submit their income tax returns by Oct. 15. "Taxpayers ...

There’s this great lyric in the Randy Travis song, “Is it still over?” where Travis sings, “Since my phone still ain't ringing, I assume it still ain't you.” That’s how I feel about the IRS these days ...

WASHINGTON — The Internal Revenue Service announced this week that Americans will see modest increases in standard deductions and tax bracket thresholds for 2026, part of the agency's annual inflation ...