You’ll now have an extra 90 days, until July 15, to file and pay your federal income taxes. You are still allowed to file for an extension until October 15, just as you can during any other year. To do that, you have to file the extension form by April 15. The changes have rolled out over the course of the...

The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said. Mnuchin announced the decision in a tweet Friday saying that at President Donald Trump’s direction “we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments…

The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan amid the coronavirus pandemic

David Shulman, senior economist with the UCLA Andersen Forecast, explains how tax deferments are just the start of measures the federal government will need to keep the U.S. economy from slipping into a much worse situation.

President Donald Trump and the Coronavirus Task Force gave updates on the coronavirus pandemic on Tuesday, urging people to heed the CDC guidelines for at least 15 days and act with an abundance of caution. Secretary of the Treasury Steve Mnuchin later announced an IRS tax deferral for those who owe taxes.

Millions of households that hustled to get their tax returns to the IRS early could be waiting until March for their refunds. If you’re claiming the additional child tax credit or the earned income tax credit, the IRS cannot issue your refund before mid-February.

The majority of individual taxpayers in the U.S. are eligible to file their taxes for free, yet many may be unaware or confused by how to do so.

Having a new baby can not only change your sleep patterns, it can also change how you file your taxes.

Tax season has just started, but you can still find opportunities to cut your 2019 taxes if you know where to look. The IRS started accepting tax returns on Jan.27, kicking off the long march to April 15 — the deadline for taxpayers to pay last year’s liabilities.

Tax season is set to kick off in Virginia. Beginning Monday, residents can file Virginia individual income tax returns. In a news release, the state Department of Taxation reminded residents that due to changes in federal tax law, the Virginia standard deduction has increased to $4,500 for individuals and married couples filing separately, and $9,000 for married couples filing jointly….

Last year’s tax season saw lots of disappointment over refunds. Many people had not adjusted their withholdings in light of the federal tax cut act. Tax experts say if you still haven’t done so, you should consider changing your withholdings on your W4, especially if you’re expecting big changes in 2020. NBC’s Chris Clackum reports.

Most people vow to start the new year off with a commitment to save more or spend less. This year, recent changes in the tax laws could help. The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan to the individual income tax brackets that help you determine your tax...

It’s about to get a little easier for you to figure out how to break even or get a bigger tax refund from Uncle Sam. The IRS kicked off the new year with a revamp of its tax withholding estimator tool, a calculator that helps you fine-tune the amount of federal income taxes that are pulled from your paycheck. Tax...

It’s been two years since a tax law increased the standard deduction for donations – and local charities are feeling the impact. But Consumer Reporter Susan Hogan explains that while donations are down, there’s a new generation of donors stepping up.

Retired coal miners and longtime opponents of Obama-era taxes on high-cost health plans are eyeing big wins as top congressional leaders and the Trump White House close in on a deal on a government-wide spending bill. The bill would also increase the age nationwide for purchasing tobacco products from 18 to 21.

Nearly 100 Fortune 500 companies effectively paid no federal taxes in 2018, according to a new report. The study by the Institute on Taxation and Economic Policy, a left-leaning think tank, covers the first year following passage of the Tax Cuts and Jobs Act championed by President Donald Trump, which was signed into law in December 2017. The report covers 379 companies...

Utah officials say a possible dropped phone resulted in a typo that overvalued a home for almost $1 billion. And taxpayers may have to pay for the mistake. The Deseret News reports a house built in 1978 in an unincorporated area of the county was recorded in 2019 tax rolls with a value of more than $987 million. That’s an…

New Jersey is seeking more than $640 million from Uber in taxes and penalties, saying the ride-hailing company misclassified its drivers as independent contractors. The decision is the latest setback for Uber and other companies in the so-called “gig economy” that rely heavily on contract labor to deliver the services at the heart of their popular apps.

President Trump famously said during his campaign that he could shoot someone on Fifth Avenue and get away with it. In court Wednesday, his lawyers argued that legally, he really could — and no one could do a thing about it.

A trove of leaked documents known as the “Paradise Papers” have brought to light the ways wealthy individuals and government officials attempt to avoid taxes and financial transparency.