No one is out to get you, even if you feel that way. Under President Joe Biden, the IRS targeted wealthy households and brought in more than $1.3 billion in overdue taxes over the course of about a ...

The IRS 'No Tax on Tips' rule under the One Big Beautiful Bill Act provides a tax deduction for qualified tips, helping ...

A recent survey found that roughly two-thirds of U.S. taxpayers don’t understand how federal rates and brackets actually affect their taxes. Take our quiz to see if you can get it right, bust common ...

As the fall approaches, millions of U.S. taxpayers turn their attention to the IRS for crucial inflation adjustments. These changes, announced annually, impact tax brackets, standard deductions, and ...

Americans received a glimmer of financial relief last week when the Federal Reserve cut rates for the first time this year, ...

When it comes to taking tax advice, you might want to ignore what you see on social media, the Internal Revenue Service warns, since much of the so-called advice from “tax experts” is a scam that can ...

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U.S.

A spending bill is moving forward among Republicans in the U.S. House of Representatives that could significantly cut IRS funding, jeopardizing your taxpayer experience during the 2026 filing season.

The Internal Revenue Service has hit taxpayers with over $162 million in penalties for claiming fraudulent tax credits they heard about through social media. The claims involve illegitimate claims for ...

I do not do my own taxes. That will shock a lot of my readers and clients who know that I own a business that offers tax planning and tax preparation. Also, I am an IRS enrolled agent, licensed to ...

Filing your taxes could cost more in 2026. The Trump administration announced earlier this year it was ending the Internal Revenue Service’s free IRS Direct File program. Launched in 2024, Direct File ...

A significant tax change for older adult taxpayers this year comes in the form of a new benefit known as the “senior bonus deduction.” Tucked into President Donald Trump’s 2025 tax bill, this ...