Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

It reduces your overall tax liability, which means you either pay less tax or get a refund if you’ve already paid more than you owe. Think of it as a reward for meeting specific criteria set by ...

But there are plenty of reasons why many refunds won't arrive as soon as some might expect, including if you claim the earned income tax credit. No doubt, the IRS will see its own disruptions this ...

aquaArts studio / Getty Images If you're planning to use your 2025 tax refund to buy paper Series I savings bonds, you'll need a new strategy. As of 2025, the U.S. Department of the Treasury has ...

He is scrapping the system in which the Government collects betting duty of 6.75% from bookmakers, which is passed on to punters in a 9% tax. Bookmakers can absorb all the costs of the new tax ...

The IRS did not immediately respond to a request for comment. If you file your tax return electronically, the IRS says it should take 21 days or less to receive your refund. If you choose to ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

Tax season has begun: IRS expects 140 million returns by April 15. They've launched an online refund tracking tool. Listen to Story 140 million expected to file tax returns by 15 April New online tool ...

Is there a lousier system for collecting government revenue than the one we have now? None that we can think of. Read Full Article » ...

That's when the IRS officially started accepting tax returns. Many Americans are already counting on refunds. A recent survey conducted by Qualtrics for Intuit Credit Karma found that more than a ...