The IRS is increasing the standard deductions for 2023 as inflation intensifies
The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.
Internal Revenue Service
It's likely to be a frustrating tax season, deputy treasury secretary says
The understaffed and overworked Internal Revenue Service is bracing for difficulties. COVID-19 relief, child tax credits and a backlog of 2020 returns will only complicate matters.
Frustrated that you can't schedule an IRS callback? Biden signed an order to do that
The provision is part of an order Biden signed to make the government more consumer friendly. It also makes it simpler for disaster survivors to apply for help. The order covers 17 federal agencies.
Overseas Bank Helped Recover IRS Stimulus Checks To Non-Americans. It Didn't Go Well
After accidentally sending stimulus checks to ineligible foreign citizens living overseas, the Internal Revenue Service is now asking some banks to help recover money, creating a legal mess.
Use It Or Lose It: Parents Set Wages Aside For Child Care. Now It's At Risk
For many families, 2020 ended up being a year with fewer child-care expenses. Now parents with unspent funds in their dependent-care flexible spending accounts are trying to figure out what to do.
IRS Rule Shift Lets Workers Make Benefits Changes Midyear — If Their Employer Agrees
The new guidance amounts to a midyear open-enrollment period and applies to firms that buy health insurance to cover their workers as well as to those that self-insure — paying claims on their own.
Democratic Candidates Are Releasing Tax Returns, Answering Big Questions For Voters
President Trump has refused to release his tax returns. Many Democrats are using that against him, as they reveal their own personal wealth and financial interests.
Anger, Confusion Over Dwindling Refunds. Is Trump's Tax Plan To Blame?
Tax refunds so far have been smaller than last year's. Some taxpayers kept a bigger share of their income, but for others it reflects an overhaul that rewarded high earners the most.
Shutdown Squeezes IRS Workers Just As The Tax-Filing Season Is About To Start
Tax season is more stressful this year for filers and IRS workers alike, because of tax law changes and the partial government shutdown that has left the agency with roughly half its normal staff.
For Furloughed Worker, Isolation, Hit To Self-Worth Hurt As Much As Lost Pay
NPR's Lulu Garcia-Navarro talks to Jaime, a tax examiner with the Internal Revenue Service, about the toll the government shutdown is taking on her mental health.