TAX NEWS
RSS Error: Retrieved unsupported status code "404"
- National Taxpayer Advocate Erin Collins said the IRS is working on Tax Pro Account enhancements that could allow practitioners to upload signed powers of attorney electronically. Speaking at the AICPA …
- The changes are part of the IRS' annual inflation adjustments.
- The father of NASCAR racer Brandon Jones said the IRS was wrong to impose nearly $750,000 in taxes and penalties on him after it determined that his management of his son’s career was a hobby rather …
- Americans can expect some 70 tax provisions to take effect next year that are designed to prevent bracket creep, which describes the processs when an individual …
- The IRS has released its annual inflation adjustments for the 2027 tax year, raising the standard deduction and the child tax credit.
- New IRS tax rules for 2027 include updated income brackets, standard deductions, a larger child tax credit and higher flexible spending limits.
- For single taxpayers or those who are married but are filing separately, the standard deduction will be $16,600. Head of household filers will have a standard deduction of $24,925. The federal income …
- The agency is publicly measuring itself on dollars collected and on moving taxpayers into self-service digital …
- The IRS has raised federal income tax bracket thresholds for 2027, allowing taxpayers to earn more before moving into a higher bracket.The standard deducti …
- The adjustments apply to income earned in 2027, with tax returns due in 2028. The tax brackets for 2027 include seven income tiers, with rates ranging from 10% to 37%. The highest federal income tax …