Taxes

Whichever party wins control of the House and Senate must decide how to handle a slew of consequential policy matters.

There’s still time to lower your taxes or boost your refund for 2024, financial experts say. Here are some strategies to consider before year-end.

The IRS has announced new changes affecting the earned income tax credit, child tax credit, adoption credit and annual gift tax exclusion for 2025.

The IRS has announced higher federal income tax brackets and standard deductions for 2025. Here’s what taxpayers need to know.

Voters in Los Angeles County will consider a new sales tax with significant ramifications for resources dedicated to the largest homeless population in California.

Will the IRS “give you your money!?” Watch this explainer to see if you will qualify for the federal child tax credit.

The Biden administration has proposed a new rule that would require the largest U.S. companies to pay at least 15% of their profits in taxes.

The State Department can deny a passport application or revoke an active passport if the IRS certifies a tax debt as “seriously delinquent.”

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years.

The milestone is meant to showcase how the agency is making use of the money it received as part of the Biden administration’s Inflation Reduction Act. It comes as Republicans threatened cuts to the IRS.

Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements.

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.

You could leverage tax planning strategies after unemployment if your income is lower in 2024, experts say. Here’s what to know.

The IRS announced that Direct File, a free tax-filing option for simplified tax returns, will be a permanent option starting next year.

A judge delayed the start of Hunter Biden’s federal tax trial to September after a hearing Wednesday in a Los Angeles courtroom.

The state is set to test out “Road Charge” fees to charge California drivers based on miles they drive every month. NBC Los Angeles’ Jonathan Gonzales reports. 

California is considering Road Charge, an alternative funding system that would replace the gas tax, which funds most of road repair maintenance projects.

On this Tax Day, refunds are looking a bit bigger for taxpayers.

If you can’t pay your taxes by April 15, you have “options,” according to the IRS. Here’s what to know about payment plans.

Tax pros say there are a few tips parents should keep in mind when filing their tax returns this year.