The type of deduction you take can determine how much you'll owe, or even get back in refunds this tax season. But what is the difference between standard and itemized deductions? Is one option better ...

The 2025 tax season in the United States commenced on February 19 and will run until April 15. During this period, taxpayers ...

The traditional penalty for not filing taxes by the deadline is 5 percent of the tax due for each month the return is late.

The IRS has officially kicked off the 2025 tax filing season, accepting 2024 federal tax returns. Here's what you need to ...

Everyone dreads the idea of a tax audit. And luckily, almost no one gets one. Only 0.2% of taxpayers who made less than $1 ...

The average tax refund could bring you a few thousand dollars this year. Here's how much it could earn in a CD.

What's the difference between standard and itemized deductions? Here's what it could mean for your 2025 tax refund.

We're three months into the new year and another month closer to the deadline to file your 2024 income tax returns. The IRS started accepting tax returns on Jan. 27. Most tax advisors recommend ...

The IRS has identified eight common mistakes that can delay refunds to taxpayers or prompt rejection of their tax returns.

While refunds are up, the number of people who’ve filed already is down compared to 2024. The IRS has received 42.7 million ...

Your retirement account withdrawals might not be your only taxable income, either. The federal government can tax up to 85% ...