According to a press release from the IRS, about $2.4 billion was expected to be distributed in December, and in most cases, ...

The Internal Revenue Service announced increases to the federal income tax brackets and the standard deduction for 2025.

Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...

The creation of a separate department will likely need congressional support, though Trump could try to establish the ...

“The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the Tuesday, April 15 federal deadline,” reads the release. “More than half of all tax returns are ...

IRS Commissioner Daniel Werfel says he intends to step down from his position on President-elect Donald Trump’s Inauguration ...

President-elect Donald Trump said he would establish an External Revenue Service to collect tariffs, duties and all revenue ...

Trump said his new "external revenue service" will go into effect on January 20 to help the US collect more revenue from ...

The creation of a new agency requires an act of Congress, and Republicans hold the majority of both the House and the Senate.

The parallel with the Internal Revenue Service is seen as a signal of the president-elect’s determination to enact sweeping ...

President-elect Donald Trump has announced he will create a new "External Revenue Service" to collect income on goods from ...

President-elect Trump plans to create an External Revenue Service that would collect tariffs from U.S. importers, with ...