As we get closer to filing our taxes, the IRS warns this tax season is going to be messy.As we get closer to filing our taxes, the IRS warns this tax season is going to be messy.
By Hope Yen and Lisa Mascaro
House Democrats unveiled a sweeping proposal Monday for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life.
By Mark Sherman
The Justice Department, in a reversal, says the Treasury Department must provide the House Ways and Means Committee former President Donald Trump’s tax returns, apparently ending a long legal showdown over the records.
Check your mailboxes! About four million taxpayers can expect to get refunds from the IRS this week.
The due date for 2020 tax returns is right around the corner on Monday. That means many of you may be planning to file your taxes this weekend, but they my look a little different this year.
Due to the pandemic, many Americans worked from home or started a side job in 2020. That could impact how you file your taxes.
The Internal Revenue Service says tax refunds will be delayed for some early filers. According to the National Taxpayer Advocate, the IRS is holding about 29 million returns due to manual processing.
President Joe Biden is preparing a plan to raise taxes on the wealthiest Americans. The increases are expected to nearly double the capital gains tax for people who make more than $1 million per year. It’s to pay for his trillion dollar American Family Plan, which will fund things like child care, paid family leave and free community college tuition.
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This is the first full week of tax season, and there are a few changes this year. The IRS says it’s working to make sure you get your refunds and any remaining stimulus payments quickly.