taxes

Between stimulus payments, advance child tax credits and the expanded earned income tax credit, the bottom 60% of earners get an average $3,450 from Washington.

Some things that are more common during the summer also may have an impact on your taxes, the IRS noted recently.

Some states now offer pass-through business owners a workaround for the $10,000 cap on the state and local tax deduction. Here’s what taxpayers need to know.

IRS Commissioner Charles Rettig testified before Congress in April that the “tax gap” — or amount of taxes owed that go unpaid each year — could be as high as $1 trillion.

Those retiring with company stock in their 401(k) may consider this move to reduce future taxes. Here’s what to know before rolling over the balance to an IRA.

Sen. Ron Wyden, D-Ore., hopes to overhaul the pass-through business tax break, phasing out those making over $400,000 and expanding which businesses qualify.

The more strategies you can put in place to eliminate or minimize your tax bill, the more money you can leave in your nest egg to continue growing.

Although many states implemented a tax-withholding reprieve for remote workers, that leniency is going away.

Millions of parents will see new monthly checks of up to $300 per child through a more generous tax credit. The payments eventually will stop unless renewed.

Intuit, the company behind popular tax filing software TurboTax, announced Thursday that it will no longer participate in the IRS Free File program

Letters 6416 and 6416-A from the IRS are related to the expanded and advance child tax credit for tax year 2021.

Certain taxpayers planning to give significant amounts to charity in 2021 may leverage extra retirement account funds to score a bigger write-off.

So far, 132 countries have signed up to the OECD’s proposal, although several countries are known to harbor serious reservations over the terms of the deal.

University of Maryland economist Melissa Kearney told CNBC that Biden’s federal child tax credit policy is one of the best forms of government spending.

The first monthly payment from the new child tax credit starts this week. Here’s what families need to know about the money

Senate Democrats issued a budget framework Wednesday that calls for higher taxes on the rich and more tax enforcement, similar to President Biden’s tax plan.

Only one parent can claim the credit for each child each year. It cannot be split up.

The IRS and President Biden are stepping up rules to crack down on cryptocurrency holders in the U.S.

Roughly $15 billion has been sent out in the first of six child tax credit payments, according to the U.S. Treasury Department and the IRS.

A day before families are set to receive their first advance child tax credit payment, a group of Democratic lawmakers are calling for it to be made permanent.