If you borrow money (note: credit card debt is borrowed money) from a commercial lender and the lender later cancels or forgives the debt, you may have to include the cancelled amount as income for ...

Amid the government shutdown, ANCHOR rebate checks and inflation refund checks are still on the way for qualifying Americans, as others are wait for updates on the American Worker Rebate Act, IRS tax ...

Over two dozen states incorporated the free tax software in 2025, but the IRS has decided to discontinue the program. Peter is a writer and editor for the CNET How-To team. He has been covering ...

Due to the government shutdown—now in its third week—IRS operations are limited. Despite the need to prepare for the upcoming tax filing season—with new tax laws like no tax on tips in place—the IRS ...

Millions of taxpayers have been reminded to file their 2024 tax returns by the end of Wednesday. The Internal Revenue Service (IRS) said the October 15 deadline applies to taxpayers who were granted ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

The IRS has released new federal income tax brackets for 2026, the agency announced in a news release published on Thursday, Oct. 9. The updates are due to changes in inflation and a new tax law that ...

The IRS has announced the annual inflation adjustments for the year 2026, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year ...

Missing IRS deadlines can carry financial consequences. Failure to file and pay a tax return on time can result in a penalty of 5 percent of taxes owed for each month or partial month the return is ...

(NEXSTAR) — Americans received a glimmer of financial relief last week when the Federal Reserve cut rates for the first time this year, and indicated more cuts could be on the horizon. In just a few ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...