People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

(Photo by Zach Gibson/Getty Images) The IRS Voluntary Disclosure Program ... which serves as the official Voluntary Disclosure form. Your tax professional will assist you in ensuring that all ...

The IRS announced on Jan. 10 that tax season will start on Jan ... the date a local-level return is filed. Tax Return Form and Adding Machine Tape (Getty Images) Federal 2024 tax returns are ...

Ashley Parks is an Associate Editor at Newsweek based in North Carolina. Her focus is on personal finance, particularly covering debt, banking and Gen Z money. Ashley joined Newsweek in 2024 after ...

Plus: President Trump signs executive orders before tax season, beneficial ownership information (BOI) reporting updates, ...

The "Department of Government Efficiency" reportedly wants to create a mobile app so Americans can file their taxes for free.

These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds ...

If a tax refund is delayed by more than 45 days, the IRS is legally required to pay interest ... David Ake/Getty Images Tax refunds are typically issued in three weeks or less when filed ...

The IRS’s new 1099-K rules are adding stress for a group of workers who already tend to have somewhat complicated tax situations.

Now, millions more Americans will receive the form compared to previous years, the paper reports. While taxpayers are always required to report income, many underreported their online income when no ...

skynesher / Getty Images What a trust fund earns and ... depending on their structure. The IRS permits trusts to claim a tax deduction for income distributed to beneficiaries, and the beneficiary ...

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