Compared to the depths of the Covid-19 pandemic, when Congress was shoveling out stimulus checks while the Internal Revenue Service was buried in unopened letters and paper tax returns, this year’s ...

Amid the agency's turmoil this year, the Internal Revenue Service has some good news from 2024 regarding service and collections. The agency helped taxpayers on 62.2 million occasions in FY24, up 3.2% ...

The Child Tax Credit (CTC) is a significant financial benefit designed to support families with children under 17. As per the ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Hitting the submit button on your tax filings can result in a range of emotions, from the relief of getting things squared away to the stress of realizing you owe more than expected to the Internal ...

When civil and criminal penalties don't deter people from skipping out on their taxes, the IRS has other tools it can use.

A federal EV tax credit worth up to $7,500 ends Sept. 30. But the IRS has just clarified that shoppers don't need to actually ...