In 2021, the difference between what U.S. taxpayers owed the federal government and what they paid hit nearly $700 billion.

The final regulations on the sale of property seized by the IRS through a levy for nonpayment of taxes provide a long overdue ...

When civil and criminal penalties don't deter people from skipping out on their taxes, the IRS has other tools it can use.

Image by PublicDomainPictures from Pixabay November 4, 2024 - WASHINGTON — The Internal Revenue Service has announced that ...

Since January 2021, the federal workforce has increased by about 120,800 employees. Washington has added as many workers in ...

The Internal Revenue Service (IRS) has announced that employees can contribute up to $23,500 to their 401(k) plans in 2025, ...

The Internal Revenue Service on Friday announced the 2025 contribution limits for 401(k) and Individual Retirement ...

The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 ...

The Internal Revenue Service detailed the increases in its annual cost-of-living adjustments for pension plans and other ...

– Earned Income Tax Credits. For qualifying taxpayers who have three or more qualifying children, the tax year 2025 maximum Earned Income Tax Credit amount is $8,046, an increase from $7,830 for tax ...

ChatGPT Enterprise is showing up within the Treasury Department and the Air Force Research Laboratory, among other places.

Recently, the Department of the Treasury and the Internal Revenue Service released their final rule for the Section 45X ...