Oscar nominees who accept gift bags have to claim them on their federal income taxes because the IRS treats these swag bags as income.
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If a person steals property or makes money from illegal activities, the IRS requires taxpayers to report that on their income tax return.
The IRS has an online tool and a mobile app where taxpayers can check the status of their tax return. We explain how it...
A spokesperson for the IRS says some “widely promoted scams” falsely claim workers qualify for the Employee Retention Credit.
Republicans booed President Biden during the State of the Union after he claimed some had proposed plans that could end Medicare and Social Security.
The IRS said in its most recent guidance for taxpayers that it "will not challenge the taxability" of states' payments for "general welfare and...
Up to 85% of your Social Security benefits are counted as taxable income if you meet certain requirements.
The expanded child tax credit included in the American Rescue Plan is no longer in effect. Here’s what that means for families’ tax returns...
There are several options you can use to file your federal taxes, and sometimes your state taxes, for free.
The FairTax Act, introduced by Rep. Buddy Carter (R-Ga.), would repeal all federal taxes, including income tax, and replace it with a national sales...
The majority of IRS hires would fill positions of people leaving the agency over the next decade. That includes staff across departments, not just...
Presidential audits have been official IRS policy since 1977, but they aren’t mandated by law.
Congress would need to pass legislation authorizing another stimulus check in 2023, which hasn’t happened.
Here’s what you need to know about payment apps and taxes after the latest IRS announcement.
What you need to know if you received non-taxable money through a cash app, and you still receive a 1099-K form.
Churches and charities that are defined as tax-exempt organizations by the IRS are prohibited from endorsing political candidates.
The Ultimate Texas Brand Bracket: Bring on the Sweet Sixteen!