Treasury Secretary Janet Yellen touted increased enforcement of tax laws by the IRS as helping to close the budget deficit by ...

The IRS released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other provisions that will take effect for tax year 2025.

The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.

Today the Internal Revenue Service announced increased to the federal income tax brackets and standard deduction for 2025. If ...

In 2026, for the tax year 2025, the standard deduction got a $400 boost, making it $15,000 for single filers. Married couples ...

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The standard deduction will be $15,000 for individuals next year, and $30,000 for married couples filing jointly.

On September 30, 2024, the Treasury Inspector General for Tax Administration (“TIGTA”) issued a report evaluating the IRS’s ...

tool. After a tumultuous few years of IRS backlogs and last-minute changes to tax laws, tax refunds are generally back on schedule for 2023 returns. The IRS used some of its $80 billion in funding ...

The Internal Revenue Service said Thursday that the tax gap — the difference between taxes owed and paid — was $696 billion ...

It involved some detective work, too, as the IRS received third-party information — much of it through W-2s and 1099s — that indicated a gulf between what rich people made and ...