Estimates of federal revenue forgone due to the tax exemptions of U.S. nonprofit hospitals relative to the community benefits ...

Making it to the half-century mark should come with certain rewards, and the IRS is ready to hand them out. Once you turn 50 years old you begin to qualify for certain tax breaks that younger ...

Welcome to the Tax Policy Center’s annual Lump of Coal Awards for the worst tax ideas of 2022. Since it was an election year in the US and elsewhere and a year of eventful tax legislation, we were ...

It's almost time to file your federal tax return and there are a handful of changes you need to know about, including steps you need to take regarding child tax credit payments. The deadline to file ...

U.S. electric vehicle sales have snapped from record highs to a sudden chill, with volumes sliding back toward the levels ...

Did you know you might be able to deduct a swimming pool, dead-beat friend debt, and cat food on your taxes? Those are just the start of some creative deductions you might be able to add to your 2022 ...

Time’s up for millions of Americans: The final deadline to file your 2022 taxes is October 16. Now, there's no more procrastinating. The final deadline to file your tax return is Monday. If you don’t ...

Unfortunately, the shifts weren't in the right direction for the tens of millions of parents who claim the tax credit annually: The enhanced child tax credit of 2021 is "bigger and better" no more, ...

Just like that, it's tax season again. As you gather up all your receipts and forms, keep these important changes for tax year 2022 in mind for when you file your taxes in 2023. “We are going back to ...

Millions of U.S. taxpayers could receive a shock when they see their 2023 tax refunds due to the expiration of many pandemic benefits that lawmakers had designed to help Americans weather the crisis.