The Inflation Reduction Act imposed a 15-percent “alternative minimum tax” on large corporations in 2022. The idea was to keep big companies from using complex accounting tricks and IRS loopholes to ...

An executive order issued in March requires the Treasury secretary to cease issuing paper checks for all federal ...

The IRS has lost more than a quarter of its employees under the Trump administration and faces further staffing cuts.

The U.S. fiscal landscape is on the brink of a major shift with President Trump's 'One Big Beautiful Bill.' This ...

Both House and Senate lawmakers are looking to eliminate the IRS’ free online tax filing platform. The Senate Finance Committee is proposing to axe Direct File as part of its contribution to the ...

Although the 2025 federal tax season ended in April, many Americans are still receiving IRS notices, exploring tax tools, and hearing about refund rumors. With confusion circulating online, this ...

Both House and Senate lawmakers are looking to eliminate the IRS’ free online tax filing platform. The Senate Finance Committee is proposing to axe Direct File as part of its contribution to the ...

Step 1: Estimate Your Tax Liability Before filing for an extension, it’s important to estimate how much you owe. The IRS still expects payment by April 15, even if you request more time to file.

Direct File, the IRS’ free alternative to commercial tax-preparation services, is facing potential elimination as Congress works to finalize a massive tax and spending bill.

The IRS budget lists a nearly 60% reduction to IT and support staff in the coming fiscal year from 10,371 people in 2025 to 4,250 employees. That means that the loss of 2,000 tech employees is ...