Now is a good time to review your financial situation and prepare to file your 2024 federal income tax return.

Unpaid taxes are subject to the Failure to File penalty, which is 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. The penalty cannot exceed 25 percent of ...

The IRS wields immense power over the financial lives of Americans, yet recent revelations highlight it would be wise to question an expansion of that authority.

The social networking giant will stop using third-party fact-checkers on Facebook, Threads and Instagram and instead rely on ...

The checks are part of the IRS' effort to distribute around $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns, officials said. As many as one million ...

Does the Internal Revenue Service owe you money? The IRS says that over one million taxpayers may have missed out on the Recovery Rebate Credit (RRC) claimed on their 2021 tax returns. The agency ...

The payments will be distributed by late January through direct deposit or paper check ... the IRS announced Friday. Internal data reviewed by the IRS found that many people who filed a tax ...

A check from the Internal ... taxpayers in the coming weeks, the IRS announced Friday. Internal data reviewed by the IRS found that many people who filed a tax return in 2021 failed to claim ...

Here's what you should know. The checks are being sent to "eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns," the IRS said. "Looking at our internal data ...