The 2025 tax season is officially underway, with the IRS accepting 2024 tax returns as of January 18. If you're wondering ...

“The most common mistake that you’ll see is that a taxpayer will go to an accountant or go to do their taxes through a ...

Local income taxes can be an important progressive revenue raiser, as they ask more of higher-income households and are ...

U.S. citizens should be aware of the potential financial boost from the IRS's Earned Income Tax Credit (EITC). This credit ...

Chicago Mayor Brandon Johnson continues to be noncommittal about testifying before a congressional committee regarding the ...

Your bank or credit union has not posted the refund. If you're claiming the Earned Income Tax Credit, those refunds can't go ...

Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS. Employees receive a W-2, ...

BUFFALO, N.Y. — IRS-certified accounting students from the University at Buffalo School of Management will once again provide ...

Learn what happens if you don't file your taxes. Discover the consequences, penalties, and how to address unfiled tax returns ...

Thousands of Illinois residents who are eligible for tax credits didn’t claim them last year, resulting in $4 million in ...

This should be a banner year for taxpayers seeking free tax-preparation. But one key IRS program is under fire.

Tax credits are often more valuable compared to deductions because they directly reduce your tax bill dollar-for-dollar.