tax reform

Imagine a world where the government filed your taxes for you for free and all you had to do was sign off on it. This is the way it’s done in some European countries, Denmark, Sweden, Spain, the United Kingdom. It’s called Ready Return. Here in the U.S., we aren’t so lucky. Americans on average spend 13 hours and...

Erin Collins, the national taxpayer advocate, fights for systemic changes within the IRS. Here’s what to know about the Taxpayer Advocate Service.

IRS Commissioner Charles Rettig told House lawmakers he expects the backlog of tens of millions of unprocessed tax returns to clear by the end of 2022.

So far, the average tax refund is $3,401, nearly 14% higher than last year, according to the IRS.

There’s been a wave of state-level tax cuts spurred by budget surpluses, and more may be coming, policy experts say. Here’s what taxpayers need to know.

“Do not do this on your own,” said Adam Markowitz, an enrolled agent and vice president at Howard L Markowitz PA, CPA in Leesburg, Florida.

Here’s what you need to know about this year’s complicated tax season to file your return correctly.

The child tax credit supported work and entrepreneurship among parents, a study by the Social Policy Institute at Washington University in St. Louis found.

Nearly 60% of parents said that since child tax credit checks stopped, they haven’t been able to afford enough food, according to a recent survey.

The American Rescue Plan enhanced the earned income tax credit for 2021, making it available for the first time to some young adults.

An estimated 70% of Americans filing taxes, or 100 million people, can submit their returns for free through an IRS program.

The IRS has protections in place that mean some families who received too much through the child tax credit won’t have to repay the money.

Here’s what families who got the child tax credit need to know before they file tax returns this season.

Five states lowered income taxes at the start of 2022. Here’s a look at how the changes will affect taxpayers.

Americans who haven’t received their 2021 stimulus checks or got less money than they should have, still have time to claim the payments on their tax returns.

The IRS will be sending Letter 6419, which shows how much families received in advanced child tax credit payments, in January.

Millions of children and their families will suddenly see thousands of dollars disappear from their budgets when the enhanced child tax credit ends.

The enhanced child tax credit and monthly payments will lapse at the end of the year without an extension. Absent the money, many families will struggle.

10 million children may fall back into poverty if the child tax credit isn’t extended

The last monthly child tax credit payment will be Dec.15 unless Congress passes legislation to extend it.