Advocates say it's time for Americans to be able to prep and file their taxes directly with the IRS. Opponents say it's government overreach.
Take the stress out of tax season with the MarketWatch tax quiz.
People recovering from snowstorms, mudslides, tornadoes and other natural disasters may have extra time to get their tax returns in order.
The child tax credit is an important credit for families. Here's why.
Tax Day is April 18. Here's a look at a commonly-used tax deduction.
Tax brackets are a central part of the tax code for households.
The $80 billion spending will be closely scrutinized by Republicans.
An extra $80 billion in the IRS budget comes from the Inflation Reduction Act passed in 2022
'If we withdraw from the 529 and pay tuition and room and board at this school, will this be considered a qualified withdrawal?'
The 2025 sunsetting of notable 2017 individual-income-tax rules is "a hurricane we already see on the radar."
With the House of Representatives under Republican control, Biden’s proposals to tax the rich are unlikely to become law anytime soon.
Many taxpayers were able to deduct charitable donations up to $300 during the 2020 and 2021 tax years, but that changed in 2022.
Early numbers from the IRS on this year's filing season show refunds will be lower.
'At Berkshire we hope and expect to pay much more in taxes during the next decade,' Buffett said in his annual shareholder letter.
The IRS has offered guidance for residents of the 21 states that made direct payments to help people keep up with rising costs.
Danny Werfel, the Biden administration’s pick for IRS commissioner, appeared before the Senate Finance Committee for a confirmation hearing today.
Super Bowl betting could break records as more states allow legal sports wagering.
The IRS is not going to tax payments from most of the states that cut checks to residents last year in order to help them defray rising living costs.
Approximately 20 states authorized one-time payments to residents in the face of high inflation.
'Black taxpayers are audited at 2.9 to 4.7 times the rate of non-Black taxpayers,' researchers from Stanford University and the Treasury Department say.
One woman told MarketWatch she was on hold with the IRS for 7 hours last year
