Since you haven't yet paid taxes on the interest income you report on your tax return, you'll owe money to the IRS if the taxes due outweigh the amount of taxes you paid throughout the tax year.

The interest you pay on a business loan is tax-deductible if you meet specific criteria defined by the IRS. Here's what you need to know about these criteria.

If you don't pay your taxes by April 15, interest and penalties begin to accrue immediately and continue until the balance is settled. ... a tax lien will stay on your credit report for seven years.

U.S. lawmakers appear primed for a tax-bill showdown with the Senate’s proposed version of the “big, beautiful” act ...

The second-quarter estimated tax deadline for 2025 is June 16, and making a payment could help you avoid “falling behind” on taxes, according to the IRS. Estimated tax payments are typically owed for ...

Senate Republicans proposed a tax deduction for car loan interest. But it might exclude used-car buyers, tax experts said.