TAX NEWS
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- The IRS table that governs your first required IRA withdrawal was designed with a built-in feature that keeps most of your money untouched, and understanding how that factor works changes every …
- The refundable portion of the Child Tax Credit is worth up to $1,700 per qualifying child. Eligible taxpayers must file Form 1040 and Schedule 8812 to claim the benefit.
- The IRS and Treasury issued a warning this week on an ETF strategy wealthy investors have been using to shield capital gains income from taxes.
- A Trump administration proposal would require tax filers to certify their immigration status to the IRS, which critics argue could be used as a tool for immigration enforcement.
- The IRS has no claim on your inheritance, but five states wrote their own rules, and your relative's zip code determines whether you walk away with the full amount or hand over tens of thousands …
- The IRS made more than 4,000 hires this year, but its headcount remains mostly unchanged after cutting more than a quarter of its workforce last year.
- The Trump administration would require U.S. taxpayers to disclose their citizenship and work authorization status to the IRS as part of a proposed change to the annual tax form that nearly all workers …
- IRS Fresh Start is an umbrella term for tax relief programs, and eligibility depends on tax debt, income, assets, and expenses. Here’s how it works.
- Top Democrats in the Florida House are demanding the Internal Revenue Service open an investigation into whether the Hope Florida Foundation and two social welfare organizations that received money …
- The credit does not exist under federal law. Taxpayers who claimed it can expect the return to be disallowed and the …