The Senate this week passed a bill to fix IRS math error notices for filers who make simple mistakes on their tax returns.

In a letter to Treasury Secretary Scott Bessent and senior IRS official Gary Shapley, 14 Democratic lawmakers wrote that ...

The AICPA praised the Senate passage of the bill, saying it will enhance IRS operations and improve the taxpayer experience.

The agency said it is providing the relief because both lenders and the IRS need more time to comply with the new car loan interest reporting requirements added by H.R. 1.

The American Institute of CPAs is asking for more flexibility for taxpayers who wish to claim tax deductions for overtime and ...

A popular tax break for workers nearing retirement age allowing them to make extra catch-up contributions is changing next year, which will limit access to some high earners. The IRS issued new ...

WASHINGTON — The Internal Revenue Service announced this week that Americans will see modest increases in standard deductions and tax bracket thresholds for 2026, part of the agency's annual inflation ...

The Internal Revenue Service (IRS) on Thursday announced annual inflation adjustments for dozens of tax provisions, along with changes made under the One Big Beautiful Bill Act (OBBBA). The IRS' ...

The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation, but also due to ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...