The proliferation of third-party payment apps combined with a lower income threshold set by the IRS means you may receive a ...

Taxpayers can face penalties from the IRS and the state of Illinois if they file their tax return late or fail to pay any taxes owed. And the late filing penalties are harsher than the late payment ...

The child tax credit and an expanded earned income tax credit is expected to put more money back into filers' wallets.

Tax Talk explains individual income tax credits. Refundable can bring a tax liability to zero. Non-refundable can't generate ...

Earned Income Tax Credit — This is a refundable credit (money sent to you after taxes). If you worked or were self-employed ...

The deadline for Congress to keep the government funded is only a month before the tax filing deadline, creating a whole array of new concerns and questions.

The IRS cautions taxpayers not to rely on receiving a refund by a certain date, especially when making major purchases or ...

Whether it's a summer job or a full-time position, some students may have to file an income tax return — and it could give ...

There are general rules for whether you have to file a federal tax return this year, according to the IRS. Even if you don't ...

If you're in college, money is likely tight. You can generally file your taxes for free if you have a straightforward return. Taxpayers with adjusted gross incomes of $84,000 or less can prepare and ...

As the 2025 tax filing season progresses, the Internal Revenue Service (IRS) has outlined key updates taxpayers need to know ...