Officials warn that this year’s tax filing season will be difficult

Officials cautioned on Monday that this year’s tax filing season will be a headache for taxpayers. Because of the Emancipation Day holiday in

IRS gives final monthly child tax credit payment if Congress doesn’t act

The Treasury Department and the Internal Revenue Service (IRS) paid the final monthly child tax credit payment under President Biden’s coronavirus relief statute on Wednesday, as the administration and congressional Democrats fight to prolong the payments.

The IRS says it’s raising tax brackets due to rising inflation

The income limits for federal tax rates will be higher in 2022, according to the IRS, due to the quicker rate of inflation. With the top tax rate poised to remain at 37%, a married couple will need to earn nearly $20,000 more next year to enter the top tax bracket.

The IRS says you have one more chance to obtain a surprise tax refund this year

The IRS has handed out billions of dollars in tax refunds to Americans who didn’t expect to get money back since May. People whose 2020 tax