Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a ...

Plus: “No tax on tips” gets more complicated, Taxing Social Security benefits, tax season filing statistics, Taxes From A to ...

Make sense of the new rules for digital asset reporting, including transition relief for 2025 and safe harbors going forward.

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

Early tax filers are enjoying bigger refunds compared to the same time last year, according to the latest figures from the Internal Revenue Service. As of Feb. 6, 2026, tax refunds averaged $2,290, up ...

Losing a loved one is hard enough, but some are still forced to deal with the IRS for more than a year afterward, data show. After someone died, it took the Internal Revenue Service an average of 444 ...

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961. If you're 65 or older now, you can claim an additional deduction of up to $6,000 or $125,000 for ...

President Donald Trump is suing the US Internal Revenue Service and Treasury Department for at least $10 billion, accusing the agency of an unauthorized leak of his tax returns during his first ...

(NEXSTAR) – Just days after the start of the 2026 tax filing season, a looming government shutdown could disrupt IRS funding starting this Saturday. Should Congress fail to pass the currently-proposed ...

As the IRS moves toward digital-only payments under a Trump-era executive order, taxpayers should expect changes in how refunds are issued and payments are made. Here’s what’s changing. The IRS is ...

Reporting cryptocurrency on your taxes is changing for the 2026 tax season. This year, the IRS is introducing a new dedicated crypto tax form called 1099-DA for all "digital asset proceeds from broker ...

ABU DHABI, 26th January, 2026 (WAM) -- The Federal Tax Authority (FTA) announced that the number of approved applications submitted by Emirati citizens to recover the Value Added Tax (VAT) paid on the ...