Tim Scott introduced a bill to stop the IRS from gathering new data. In the wake of a controversial proposal by the Treasury Department and Senate Democrats to direct collection of additional data on ...

(NEXSTAR) – A proposed tax reform from the Biden administration would require financial institutions to send the Internal Revenue Service more information about many Americans’ bank accounts – ...

Each year, millions of Americans engage in the critical task of filing their taxes, a process that underscores the importance ...

If you haven't received your federal tax refund for the 2024 fiscal year, don't assume the process is over. The IRS has confirmed that tax refunds will continue to be issued through September and ...

When you e-file your tax return with TurboTax and choose direct deposit, you kickstart an efficient process for receiving your tax refund. Typically, you’ll receive notification from the IRS within a ...

Interest rates on high-yield savings accounts were through the roof for much of 2024. They helped depositors earn rich returns, but now it’s time to pay the IRS their share. The IRS classifies earned ...

If you’re planning to deposit a significant amount of cash into your bank account, there’s a specific threshold that could automatically trigger federal attention, even if everything you’re doing is ...