Finance
IRS investigating people earning above certain threshold
The IRS has been given new funding that will allow it to crack down on wealthy tax avoiders.
Income tax rate set to rise for millions
The personal income tax rate will increase again in Michigan after decreasing slightly last year, despite Republicans' opposition.
TurboTax under threat as thousands use alternative way to file taxes
The IRS is launching a pilot plan, known as Direct File, that will offer a free way to submit taxes for U.S. workers.
Where's my refund? IRS updates taxpayers on online tool
Tax refunds are being sent out across the U.S. for those who have already filed their taxes.
Republicans want to tax big corporations
In a new Navigator survey, 63 percent of Republicans supported raising taxes on big corporations and the wealthy.
IRS issues tax relief for millions
The Internal Revenue Service is offering tax relief for millions impacted in one state.
IRS tax refund update as credits are paid out
Millions of Americans claiming EITC are expected to receive checks of up to $7,430 in the mail.
Grocery tax to be scrapped for millions
Oklahomans will benefit from a scrap in grocery taxes starting this summer.
Surprise property taxes would be stopped under new Florida bill
Proposed legislation is trying to force online listings for home sales in Florida to include information about post-sale property taxes.
Texas residents decry 'outrageous' property tax rises
Despite the recent tax relief package signed into law by Greg Abbott, many Texas residents still face higher rates.
Major change to insurance plans could upend tax benefits
Oregon Senator Ron Wyden says private placement life insurance acts as a "tax shelter for the ultra-wealthy."
IRS change could mean more money for Americans
A new IRS policy change means many Americans could get bigger refunds in their pockets this year.
Child tax credit 2024 update as IRS poised to expand amount
Families could see more money in their pockets as a key tax bill arrives in the Senate.
IRS asks Americans to report income from 'illegal activities'
The IRS invitation for taxpayers to declare their income from stolen goods and illegal activities has gone viral on social media.
Taxpayers to get hundreds of dollars back under new bill
A new bill introduced in the House this week would see Americans get hundreds back in a tax credit.
IRS update: Disaster victims in these states must file 2022 taxes today
For victims of Hurricanes Idalia and Lee, Tropical Storm Bolaven, Hawaii's wildfires, the seawater intrusion in Louisiana and storms in Illinois.
Filing your taxes just got more expensive
True Tamplin, founder of Finance Strategists, told Newsweek that "accounting professionals are seeing higher demand and lower supply, driving up service costs."
Thousands of homeowners to get property tax freeze under new proposal
Those over 65 could be exempt from property tax increases after a new bill easily passed the Kentucky Senate this week.
Florida's sales tax could skyrocket under new proposal
Exactly how much sales tax rates could rise if property taxes were to be abolished isn't yet known.
What economists say about Social Security tax increases
Each year brings in a wave of tax changes for everyday Americans, and in 2024, seniors can expect Social Security tax increases.
Map shows how much undocumented immigrants cost in each state
Total cost of illegal immigration for states and residents exceeds $100 billion, according to report by immigration reform group.
No More Taxing Times: Make This Your Best Tax Year Yet
With a tax advisor in place, here are five tips every entrepreneur should follow to start the year strong.
Airbnb owners stung by new property tax proposal
Rental property owners in Colorado have hit back at a proposal for tax changes.
Some Social Security recipients could miss out on tax refunds
Many of those getting Social Security mistakenly believe there's no reason they should file tax returns.
TurboTax under pressure over tax breaks
The tax filing company has been questioned by Elizabeth Warren and other U.S. lawmakers over a $94 million tax break.
Texans could get hit with new tax bill if state leaves America
If Texas seceded from the country, Texan residents could be in for a hefty tax bill.
Exclusive: Republican hits Clarence Thomas with. lawsuit over his taxes
Republican John Anthony Castro told Newsweek he is filing suit against Thomas alleging that the justice violated Virginia tax law.
Tax rebates could be taxed again
The IRS aims to make a rebate in Arizona subject to federal income tax despite local opposition.
Married couples to receive thousands under new tax break
Married houses filing their tax return jointly could soon benefit from a further tax deduction, should New York House Republicans have it their way.
MAGA fumes at sentence for man who leaked Trump's tax return
Charles Littlejohn was handed the maximum five-year sentence after pleading guilty to leaking financial documents.