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  • BREAKING NEWS
29 minutes ago

Lawyer: Trump indicted; 1st ex-president charged with crime

A Manhattan grand jury has voted to indict Donald Trump on charges involving payments made during the 2016 presidential campaign to silence claims of an extramarital sexual encounter.

BREAKING NEWS

Lawyer: Trump indicted; 1st ex-president charged with crime

IRS


2 hours ago

Congress may subpoena documents on IRS's visit to 'Twitter Files' journalist Matt Taibbi's home: Jim Jordan

House Judiciary Committee Chairman Rep. Jim Jordan, R-Ohio, says he may subpoena documents about the IRS' visit to journalist Matt Taibbi on "America Reports."

foxnews.com
5 hours ago

Is life insurance taxable?

As with many financial products, there are tax considerations to keep in mind when it comes to life insurance.

cbsnews.com
5 hours ago

Biden admin accused of 'intimidation' after IRS visits reporter's home: Odds of this were 'one in 10 million'

Rep. James Comer says his committee will "get the facts for the American people" after journalist Matt Taibbi's home was visited by IRS agents.

foxnews.com
1 day ago

Last-minute tax filing tips before the April 18 deadline

If you’re still working on your return, here are some last-minute tax tips that could save you some money and headaches.

washingtonpost.com
2 days ago

Do you pay taxes on a high-yield savings account?

High-yield savings account interest doesn't come free of charge. Here's what you need to know about how it's taxed.

cbsnews.com
2 days ago

IRS silent on timing of visit to journalist Matt Taibbi’s home, how often it makes house calls

The IRS was silent Tuesday about how often it sends agents to people’s homes on the heels of journalist Matt Taibbi saying he received an unannounced visit.

foxnews.com
2 days ago

Matt Taibbi's visit by IRS after testimony about 'Twitter Files' raises eyebrows: 'Stinks to high heaven'

News that an IRS agent visited journalist Matt Taibbi's home the same day he testified about the "Twitter Files" raised accusations of government intimidation.

foxnews.com
3 days ago

You’ve filed your taxes -- now, what should you do with those documents?

If you’ve finally gotten your taxes filed, you’re probably ready to put it all away and move on. Have you considered which documents you should keep? And for how long?

Want to track down your tax refund? Follow these dos and don'ts

If you're trying to figure out when your refund is landing, some steps are a giant waste of time, the IRS says.

cbsnews.com

Is a home equity loan tax deductible?

If you used a home equity loan in 2022 you may be able to deduct the interest you paid on your taxes. Here's how.

cbsnews.com

When are income taxes due in 2023?

The tax deadline is different this year, especially if you live in this state.

cbsnews.com

IRS tax alert: The 2023 tax deadline is extended for most California taxpayers

See if you qualify for an extension now.

cbsnews.com

Tax refund debate: Is it financially wiser to get a big refund — or nothing?

Refunds are met with glee each spring, but financial pros note that it represents money you've overpaid to the government.

cbsnews.com

How to protect yourself against identity theft this tax season

It's tax season and scams are on the rise. Kurt "CyberGuy" Knutsson explains how to keep your personal information safe from theft when filing income taxes.

foxnews.com

Illinois mother unable to claim son on taxes as government claims he's dead

Illinois resident Eboney McDaniel said her tax filing to the IRS each year gets rejected as the federal government insists her son is dead — even though he is not.

foxnews.com

IRS tax alert: The 2023 tax deadline is extended for most California taxpayers

Most California residents are being offered extra time to file in 2023 by the IRS. See if you qualify for an extension.

cbsnews.com

Money Minute: IRS warns of ‘dirty dozen’ scams during tax season

The IRS is specifically warning about the "dirty dozen" scams occurring during tax season. Here's what to know.

Six alarm bells that trigger an IRS audit

Although most taxpayers aren't audited, the IRS has tools at its disposal to catch errors and tax scofflaws.

washingtonpost.com

Senate confirms Biden IRS nominee as agency announces upgrades

The IRS said it can now scan information from tax returns rather than forcing employees to enter data by hand.

washingtonpost.com

2024 presidential candidates: Who's running, who's out and who to watch

Three Republicans have announced their candidacies for president so far.

cbsnews.com

These bogus "tax hacks" can lead to serious trouble with the IRS

The tax agency is warning not to fall for social media advice to file a fake W2 in the hope of getting a big refund.

cbsnews.com

Inflation boosted the 2023 federal income tax brackets. Here's how your taxes may compare to 2022

The IRS adjusted the 2023 federal income tax brackets higher based on inflation. Here's how your federal taxes may compare to 2022.

cnbc.com

How to do your taxes in 2023 (and get your refund fast)

Here's everything you need to know about filing your federal income taxes in 2023.

cbsnews.com

Money Minute: IRS offers free weekend tax assistance during tax season

The IRS is available on weekends to offer face-to-face tax assistance during tax season.

Here are 3 key things to know before filing your taxes

If you haven't filed your 2022 tax return yet, there are a few key things to know, according to tax experts.

cnbc.com

How to avoid getting ripped off by your tax preparer

A government watchdog warns that tax pros might not do a better job than you can — and some are straight-up fraudsters.

cbsnews.com

How to do your taxes in 2023 (and get a refund fast)

Here's everything you need to know about filing your federal income taxes in 2023.

cbsnews.com

IRS commissioner nomination advances amid debate over $80 billion agency funding

The Senate Finance Committee this week voted to advance Daniel Werfel’s nomination to become IRS commissioner. Here's what to know.

cnbc.com

Seven red flags that your tax preparer is a fraud

A tax preparer who isn't legit may try to “ghost” you, leaving you to handle the IRS on your own.

washingtonpost.com

How long will it take to get your tax refund?

Americans are filing their taxes earlier this year. Here's what to know about the IRS' turnaround time on your refund.

cbsnews.com

Missing tax forms will 'definitely' delay your refund, expert warns. How to know which ones you need

It's important to get organized with tax forms before filing your return to avoid refund delays. Here's how to know which forms you need.

cnbc.com

How to do your taxes in 2023 (and get a refund fast)

Here's everything you need to know about filing your federal income taxes in 2023.

cbsnews.com

IRS announcement: The tax deadline is extended for most California taxpayers in 2023

California storm victims are being offered extra time to file in 2023 by the IRS. See if you qualify for an extension.

cbsnews.com

When are income taxes due in 2023?

The tax deadline is different this year, especially if you live in this state.

cbsnews.com

IRS announcement: The 2023 tax deadline is extended for most California taxpayers

California storm victims are being offered extra time to file in 2023 by the IRS. See if you qualify for an extension.

cbsnews.com

How to do your taxes in 2023 (and get a refund fast)

Here's everything you need to know about filing your federal income taxes in 2023.

cbsnews.com

How to access your IRS transcripts for an accurate tax return — and faster refund

Whether you’re filing a simple or complicated tax return, it’s critical to make sure it’s accurate and complete. Here's how IRS transcripts can help.

cnbc.com

Who qualifies for the home office deduction on their taxes?

The answer depends on what type of an employee you were last year, according to Julia Glum, a news editor at Money.

cbsnews.com

IRS announcement: The 2023 tax deadline is extended for most California taxpayers

California storm victims are being offered extra time to file in 2023 by the IRS. See if you qualify for an extension.

cbsnews.com

How to get your 2023 tax refund today (yes, really)

This is how you can get your 2023 tax refund as soon as possible.

cbsnews.com

IRS unveils option allowing online responses to 9 of its notices. 'A step in the right direction,' says tax pro

The IRS has unveiled a new option to respond to certain agency notices online. Here's what filers need to know.

cnbc.com

IRS commissioner nominee to 'ensure that America's highest earners comply with tax laws.' Here are the key takeaways from Senate hearing

Daniel Werfel, President Joe Biden's nominee to lead the IRS, answered questions before the Senate Finance Committee this week. Here's what to know.

cnbc.com

When are income taxes due in 2023?

The tax deadline is different this year, especially if you live in this state.

cbsnews.com

Here's how to get your 2023 tax refund today (yes, really)

This is how you can get your 2023 tax refund as soon as possible.

cbsnews.com

The IRS has sent 8 million tax refund checks so far. Here's the average amount.

Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.

cbsnews.com

How to pay 0% capital gains taxes with a six-figure income in 2023

There are higher taxable income thresholds for the 0%, 15% and 20% long-term capital gains brackets for 2023. Here's what to know.

cnbc.com

The IRS has issued nearly 8 million tax refunds. Here’s the average payment

The IRS has issued nearly 8 million tax refunds worth about $15.7 billion, as of Feb. 3. Here's the average payment.

cnbc.com

5 things you should know if you’re filing taxes for the first time

If you grew up watching your parents get stressed around tax season, then you're probably not looking forward to filing yourself for the first time.

Metro Detroit law firms’ privacy battle against the IRS heads to US Supreme Court

A tax battle is going to the United States Supreme Court as a Metro Detroit law firm called it a fight over the right to privacy, and they're taking on the IRS.

IRS changed its tax brackets for 2023. Here's what it means for your taxes.

Taxpayers could save on taxes because of a higher standard deduction and more generous thresholds for each bracket.

cbsnews.com

Money Minute: Avoiding IRS tax scams

It’s tax season, which means scammers are taking advantage of you and the IRS to take a run at your money.

The IRS now says most state relief checks last year are not subject to federal taxes

A week after telling payment recipients to delay filing returns, the agency won't challenge the taxability of payments related to general welfare and disaster.

npr.org

IRS provides '11th hour' guidance on state relief checks

The Internal Revenue Service announced Friday that it will not impose any federal taxes on most relief checks issued by states last year.

foxnews.com

IRS says California, most state tax rebates aren't considered taxable income

The tax agency had previously asked taxpayers in those states to hold off on filing their returns until the issue was resolved.

cbsnews.com

IRS: Residents of more than a dozen states do not need to report 'special payments' for welfare, disaster relief on their federal return

The IRS on Friday issued state rebate and payment guidance for millions of filers urged to pause federal filings. Here's what taxpayers need to know.

cnbc.com

Tax pros still in limbo after IRS tells millions who received state rebates to pause filings

If you received a state tax rebate or payment in 2022, it's unclear whether the funds are taxable on your federal return. Here's what to know.

cnbc.com

IRS won't tax most relief payments made by states last year

The IRS says most relief checks issued by states last year won't be subject to federal taxes, providing late guidance as taxpayers have begun filing returns.

United Way of Washtenaw County to offer free tax help to locals

Trained program volunteers assist those who qualify with tax preparation at the United Way of Washtenaw County (UWWC) office at 2305 Platt Rd.

Tax season already? Some tips for avoiding stress and scams

Tax season is here again.

You can file your federal taxes online for free if you made $73K or less

If your adjusted gross income (AGI) was $73,000 or less, you can use one of the Free File IRS partner offers to file a free federal tax return. Some of the programs offer free state returns too.

Tax dispute over incentive program has Troy volunteer firefighters fighting for their benefits

Becoming a volunteer firefighter has gotten a little harder in the city of Troy after the IRS officially ruled the incentive program for the department is not an actual length of service award plan. It’s been an ongoing tax dispute for several years now.

Money Minute: Will PayPal, Cash App and Venmo report you to the IRS?

There has been a 1099-K tax form delay and this matters if you have a side hustle.

House GOP kicks off majority with vote to slash IRS funding

House Republicans have began their tenure in the majority by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS.

House committee expected to release Trump's taxes Friday

Former President Donald Trump’s tax returns are expected to be released by the House Ways and Means Committee on Friday.

EXPLAINER: What's the debate over releasing Trump's taxes?

Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.

Trump's taxes: House OKs bill on IRS audits of presidents

The House has taken action after disclosures the IRS never fully reviewed Donald Trump’s tax returns during his presidency.

IRS mandatory presidential audit policy goes under spotlight

An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny.

Trump tax audits required by IRS were delayed, panel says

A congressional panel says the IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency.

IRS, Better Business Bureau issue warning as holiday charity scams rise across Metro Detroit

Fake charitable organizations are working to rip you off this holiday season, which is why the Detroit IRS investigators and the Better Business Bureau have issued a new warning.

6 charged for drug, gun, money laundering crimes in Detroit

A federal grand jury in Detroit has charged six people with drug, gun, and money laundering crimes.

Oakland County attorney found not guilty after client accused him of stealing $6.5 million

A tax attorney from Oakland County who was accused of wiring $6.5 million of his client’s money to a Swiss bank account has been found not guilty of all charges.

IRS releases tax inflation adjustments for 2023: What it means for you

You could be keeping more of your money next year, thanks to inflation and tax adjustments announced by the IRS for the 2023 tax year.

Truck driver from Allen Park accused of setting fires during travels across the country

The feds say a truck driver from Allen Park who drove all across the country set fires along the way, causing millions of dollars of damage in an attempt for revenge.

Yellen calls for modernized IRS at Maryland field office

Treasury Secretary Janet Yellen is laying out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges.

IRS gets $15M to find out if it can create online tax return system so Americans can file for free

The Inflation Reduction Act provides $15 million for the IRS to study how it could create a program that allows Americans to file their taxes for free.

Money Minute: Crowdfunding -- when the IRS gets involved

Crowdfunding has gained popularity, making it important to understand how it's connected to taxes and the IRS.

Yellen tells IRS to develop modernization plan in 6 months

Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring.

Biden signs massive climate and health care legislation

President Joe Biden has signed Democrats’ landmark climate change and health care bill.

Congress OKs Dems' climate, health bill, a Biden triumph

Democrats have pushed their landmark climate and health care bill through Congress, handing an election-year victory to President Joe Biden.

Oakland County attorney took $6.5M from client, told her he used it to settle IRS issue, feds say

A tax attorney from Oakland County was hired by a business owner to help her settle an IRS investigation, but he convinced her she owed $6.5 million more than she actually did so he could put that money in his own Swiss bank account, federal officials said.

Prosecutors open investigation into whether Kwame Kilpatrick is paying $1.7 he owes Detroit, IRS

Former Detroit Mayor Kwame Kilpatrick’s name is back on a federal court docket after prosecutors opened an investigation into whether he’s been paying the nearly $2 million he owes to the city and the IRS.

On Tax Day, an extension may be better than rushing a return

Monday is Tax Day, the federal deadline for individual tax filings and payments.

Tax Day laggards: Consider filing for extension if in a rush

Millions of Americans wait until the last minute to file their taxes, and this year is no exception.

Income taxes are due Monday: Here’s what you need to know

Tax Day generally falls on April 15, but this year, most Americans will have to file their individual income taxes by April 18.

5 situations in which pets can be used for tax breaks

For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.

IRS unit gets no funds to enforce sanctions on rich Russians

The IRS criminal investigation arm tasked with tracking down sanctioned Russian oligarchs' property failed to receive an infusion of money in the Ukraine aid package.

Quiz: How much do you know about income tax?

You likely know what “income” means, and of course you’re aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?

Highlights of Congress' $1.5 trillion spending package

Congress is racing to pass a mammoth $1.5 trillion legislative package that would fund the government for the rest of the year.

9+ deductions you should be making if you are self-employed

Whether you’re new to owning your own business or a seasoned vet, taxes can be so stressful. It’s easy to overlook things or simply forget an item here and there.

Tax Help 4 You: Your guide to tax season FAQs, helpful links for federal, state filings

Tax season is upon us, and you probably have some questions about filing this year.

Tax forms for Michigan unemployment claimants now available online

Michigan residents waiting for their tax forms from the Michigan Unemployment Agency can now get them online.

Dearborn husband, wife declare false bankruptcy, evade taxes, wrongly receive food stamps, feds say

A Dearborn husband and wife have been charged by federal officials for declaring a false bankruptcy, wrongly receiving food stamps and evading taxes, authorities said.

Quiz: How much do you know about the tax basics?

Tax season is officially here, meaning you have the next couple months to get those returns filed! This year’s IRS deadline is April 18.

Scammers working overtime amid tax season: What to know

We're sharing important information about how thieves are trying to trick you as you work to file your taxes right now.

Get Caught Up: Clearing up confusion surrounding changes to child tax credit

There’s an important update for the thousands of people who took advantage of the child tax credit last year.

Clearing the confusion surrounding changes to the child tax credit

There’s an important update for the thousands of people who took advantage of the child tax credit last year.

Mayor Duggan urges Detroit residents to take advantage of child tax credit

It’s free money for families that need it and Detroit Mayor Mike Duggan is working to make sure Detroit residents get in on it.

Tips for avoiding tax-related scams as filing begins

Each year, tax payers get conned by tax-related schemes meant to steal money and personal information from people.

Traded cryptocurrency in 2021? Here's how to approach taxes

Alternative finance has captured the attention of investors across the U.S. As the 2022 tax season approaches, traders who are new to cryptocurrency taxation will have to contend with the IRS’ rules for reporting on taxable events.

Feds launch website for claiming part 2 of child tax credit

The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due.

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