Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it also modified some of those provisions effective in 2025.
The agency has said thousands of taxpayers have filed inaccurate returns after following misleading social media advice.
Akron News Reporter on MSN
The child tax credit is changing. Here’s what it means for your family.
The 19th reports a new child tax credit starting in 2026 will increase to $2,200 but limit access for many low-income and ...
7don MSN
UN human rights expert says Russia steps up repression to silence opposition to war in Ukraine
Mariana Katzarova, the U.N. special rapporteur focusing on human rights in Russia, presented her latest report that said ...
Inquisitr on MSN
How Social Media Cost Taxpayers $162 Million in Penalties — IRS Blames ‘Influencers’ For Bad Tax Advice
Just as social media grew, with it grew people’s dependency on it for news, suggestions and advice. What started with cooking and DIY suggestions went on to news recommendations too. However, the ...
SmartAsset on MSN
Ask an Advisor: I Withdrew $60k and My Medicare Premiums Increased. Will They Go Back Down?
I'm 71 years old and my current Thrift Savings Plan (TSP) balance is $315,000 after withdrawing $60,000 this year. This is putting me in a higher tax bracket and I must pay a large amount of ...
The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Wisconsin affected by ...
MiBolsilloColombia on MSN
IRS Form 1040 has updates before the October 15 deadline
As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.
The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...
The Internal Revenue Service is providing tax relief for southeast Wisconsin residents impacted by severe storms, ...
Ohio hands out $12 billion a year in tax breaks, mostly to wealthy individuals and big corporations. Yet the state’s economy ...
This comes after the Internal Revenue Service (IRS) extended the original extended deadline of May 1 to Sept. 25 for many tax ...
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