The average tax refund amount is higher than it was last year at this time, according to a batch of data released by the IRS ...

The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago.

Understand what tax liability is, how it's calculated, and its impact on your finances. Learn about different types of tax ...

According to a 2024 Bankrate survey, 36% of US adults earn extra income through a side hustle. And with the growth of ...

The Inflation Adjustments announced by the IRS affect some amounts in credits and deductions for 2025, for the better, as tax ...

Through February 2025, the average tax refund was $3,182. That's a 6.3% increase from the same period in 2024.

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

The SSA sends people form SSA-1099, or a Social Security Benefit Statement, detailing the amount of benefits you received in a tax year. How much tax might people have to pay? How much of people’s ...

The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...

Tax credits and tax deductions both help you save money on your IRS bills, but they are not the same.  Unfortunately, ...

Many Americans are in line to receive a refund from the IRS this tax season. Here are the best ways to put that money to use.

Here's a quick explainer on how tax breaks work, five different deductions the IRS offers for parents and what to know about ...