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 ...

Missed filing your taxes in April? The final deadline for late filers is October 15. Experts explain what you need to know — and how to avoid costly penalties.

Tax season will be here before you know it. While April 15 might feel far away, we know firsthand how stressful tax prep can be — and how daunting the task of choosing tax software that meets all of ...

Starting in 2025, the IRS will no longer issue paper checks for tax refunds, signaling a significant transformation in the way Americans receive their tax returns. This decision is part of a broader ...

When you start a new job, your employer will ask you to complete a W-4 form. The IRS W-4 helps determine the correct amount of income tax your employer will withhold from your wages. But how does it ...

Even with the uncertainty surrounding the ongoing government shutdown, one thing hasn’t changed: the IRS is still expecting taxpayers who requested more time to file to meet the October 15 federal tax ...