Even though the 2025 tax season has only been open less than two full weeks, the IRS has already been busy processing tax ...

Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free.

President Donald Trump has issued a slew of executive orders (EO) since beginning his second term, including one that may ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan EITC from ...

The IRS says e-filing is the easiest ... but TaxAct is a strong competitor with its affordable tax help. Federal Income Tax Calculator and Refund Estimator 2024-2025 Estimate your 2025 refund ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

Or . . . maybe not. The most noteworthy new program for free tax-prep, IRS Direct File, came under fire this week from Elon Musk, who tweeted Monday that the service had been “deleted.” ...

Use our capital gains calculator for the 2024-2025 tax season to determine how much tax you might pay on sold assets. A capital gain occurs when your capital asset, such as real estate ...

The IRS launched its Direct File pilot in 12 U.S. states in March 2024, which has now been expanded to 25 states. It allows taxpayers to submit simple tax returns directly with the government ...

The IRS on average processes about 140 million tax returns a year and issues refunds averaging around $3,100 apiece. The site said that the IRS has yet to express any concerns about potential ...

IRS Direct File is a popular free program that offers guidance and support as you fill out your tax return and file your taxes directly with the IRS. And it may not be long for this world.