taxes

New York’s attorney general is announcing that the company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services. Under the terms of a settlement signed by the attorneys general of all 50 states, Intuit Inc. will suspend TurboTax’s “free, free, free” ad campaign and...

President Joe Biden announced Wednesday that his administration is on track to reduce the national deficit by $1.5 trillion in 2022, allowing the feds to pay down the national debt for the first time in six years.

Making higher earners pay more into Social Security is a popular idea with many Americans. Here’s how such a change could work.

If you missed the April 18 tax deadline, you may cut back on penalties by filing your return promptly. Here’s everything late filers need to know.

If you need more time to complete your 2021 returns, here’s what you need to know about requesting a tax extension, deadlines to file and how to check your refund status.

For most Americans, a tax refund is an opportunity to shore up a safety net. If your savings is on track, put a portion toward something that makes you happy.

Monday is Tax Day, the federal deadline for individual tax filings and payments. Here are some last-minute recommendations if you have yet to file.

There are literally thousands of ways identity thieves are accessing your personal information. But many won’t learn their identity has been compromised, until they file their taxes. Consumer Investigator Randy Mac reports for the NBC 4 News at 4.

Imagine a world where the government filed your taxes for you for free and all you had to do was sign off on it. This is the way it’s done in some European countries, Denmark, Sweden, Spain, the United Kingdom. It’s called Ready Return. Here in the U.S., we aren’t so lucky. Americans on average spend 13 hours and...

Only 1 out of every 225 tax returns are inspected by an IRS agent, so your odds of getting audited are low, NBCLX Political Editor Noah Pransky says. He explains how the agency has been underfunded over the past several years and why audits are more likely for low-income taxpayers.

In Denmark, the UK, Spain and elsewhere, the government fills out your tax return for you, and you only have to sign off on the information in it. But in the U.S. we often rely on private companies to help us file our taxes; according to IRS data, the average American spends 13 hours and $240 to file their taxes....

Tax Day 2022 may be the last thing you want to think about right now, but here’s one fact to put your mind at ease: You probably won’t get audited. The number of tax returns reviewed by the Internal Revenue Service (IRS) is far lower today — particularly for wealthy Americans — than it was a decade ago, according to...

Here are tips as tax day approaches. Randy Mac reports for the NBC4 News on Wednesday, April 6, 2022.

As tax day approaches, accountants say your refund may be lower than you’re expecting.

Tax season is here again, and so are the scams that go with it. Consumers lose tens of millions of dollars every year to fraudsters impersonating the IRS. So here are the latest scams, and how to protect yourself

Tax season is here again, and so are the scams that go with it. Consumers lose tens of millions of dollars every year to fraudsters impersonating the IRS. So here are the latest scams, and how to protect yourself. Randy Mac reports for the NBC4 News on Friday April 1, 2022.

With tax season rolling around again, so too are scammers seeking to dupe taxpayers out of their money. Randy Mac reports April 1, 2022.

As mortgage interest rates spike, it costs more to buy a home. Whether renting or owning, many people waste money on housing, says a Harvard-trained economist.

Most of the third round of stimulus checks has been sent. But if you never received a payment or your circumstances have changed, you may be eligible for money.

The House of Representatives has passed the Securing a Strong Retirement Act, or Secure Act 2.0. It’s good news for many retirement savers.