Tax season is fast approaching, and you might be leaving money on the table. An Illinois tax professional said new tax code ...

Taxpayers preparing to file the 2024 tax returns should ensure they're claiming the tax credits and deductions they're ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

Amidst the 2024 tax season, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your ...

The 2025 tax season has officially opened, so cue the groans…OK, that’s enough — let’s get busy! The IRS expects more than ...

Maybe, they're working in a low wage job and just had a baby in 2024. Someone with ... good money on the table by not filing a tax return to claim the credit. The IRS estimates that one in five ...

Dividends distributed to Non-U.S. Shareholders may have been withheld to pay U.S. federal income tax. Non-U.S. Shareholders should contact their tax advisor with any questions regarding this ...

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

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January ...

Tax season officially begins Monday when the Internal Revenue Service (IRS) will begin accepting returns for the 2024 tax year ... of $2,500 to $5,000 on the table due to a lack of awareness ...

In a bid to safeguard taxpayers and tax professionals, the IRS and CASST have announced significant changes for the 2025 tax ...