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WEATHER ALERT

10 warnings in effect for 8 counties in the area

IRS


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IRS nominee who sponsored legislation to abolish the agency faces pointed questions

Read full article: IRS nominee who sponsored legislation to abolish the agency faces pointed questions

A former congressman who sponsored legislation to abolish the IRS and is now the nominee to lead that agency has faced pointed questions from senators.

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This Midwestern city has long been a federal hub. The pain from DOGE’s cuts is everywhere

Read full article: This Midwestern city has long been a federal hub. The pain from DOGE’s cuts is everywhere

The Kansas City, Missouri, metropolitan area has long been a regional hub for the federal government, and the pain from the Trump administration's cuts can be seen everywhere.

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IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the job

Read full article: IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the job

An IRS agent who testified publicly about investigations into Hunter Biden's taxes and was promoted to be acting IRS commissioner is out of the job just days after he got it.

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Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say

Read full article: Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say

The Trump administration plans to eliminate the IRS’ Direct File program.

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IRS agent who investigated Hunter Biden expected to be named IRS acting chief

Read full article: IRS agent who investigated Hunter Biden expected to be named IRS acting chief

An IRS whistleblower who testified publicly about investigations into Hunter Biden’s taxes is expected to be promoted to IRS acting commissioner, two sources familiar with the plan tell The Associated Press.

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Getting the IRS on the phone is more difficult this tax filing season, experts say

Read full article: Getting the IRS on the phone is more difficult this tax filing season, experts say

Taxpayers calling the IRS for help processing their taxes this filing season may find it harder than normal to get someone on the phone.

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Tax tips for recently married couples and first-time parents

Read full article: Tax tips for recently married couples and first-time parents

Taxes may not be the first thing on your mind when you celebrate a joyous occasion like a marriage or a new baby.

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Taxpayer charged after helping clients file false tax returns for more than 4 years

Read full article: Taxpayer charged after helping clients file false tax returns for more than 4 years

From 2017 to 2021, the taxpayer allegedly added false credits or deductions on tax returns to fraudulently lower her clients’ overall tax liability.

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IRS plans to cut up to 25% of staff, starting with closing its civil rights office, AP sources say

Read full article: IRS plans to cut up to 25% of staff, starting with closing its civil rights office, AP sources say

The IRS plans to cut as many as 20,000 staffers as part of layoffs that began Friday.

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IRS agents who investigated Hunter Biden given promotions at the Treasury Department

Read full article: IRS agents who investigated Hunter Biden given promotions at the Treasury Department

Two IRS whistleblowers who testified about Hunter Biden’s taxes are getting promotions.

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The number of Americans filing for jobless benefits falls as labor market remains sturdy

Read full article: The number of Americans filing for jobless benefits falls as labor market remains sturdy

Applications for U.S. jobless benefits fell last week as the labor market remains sturdy ahead of an expected purge of federal government employees.

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Texas ranked among highest tax rates in the US, WalletHub says

Read full article: Texas ranked among highest tax rates in the US, WalletHub says

“Texas residents also don’t pay income tax, but spend 1.58% of their income on real estate taxes, one of the highest rates in the country,” the report claimed.

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IRS workers involved in 2025 tax season can't take buyout until after the taxpayer filing deadline

Read full article: IRS workers involved in 2025 tax season can't take buyout until after the taxpayer filing deadline

IRS employees involved in the 2025 tax season will not be allowed to accept a buyout offer from the Trump administration until after the taxpayer filing deadline.

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Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available

Read full article: Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available

Billionaire tech mogul Elon Musk posted on his social media site that he has “deleted” 18F, a government agency that worked on technology projects such as the IRS's Direct File program.

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Check property tax notices! Misprint by Cy-Fair ISD Tax Office sends payments to wrong address

Read full article: Check property tax notices! Misprint by Cy-Fair ISD Tax Office sends payments to wrong address

If you plan to pay by mail, we want to remind you to double-check everything!

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Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts

Read full article: Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts

The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary.

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IRS is sending out automatic stimulus payments. Who is getting them?

Read full article: IRS is sending out automatic stimulus payments. Who is getting them?

The IRS is distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments.

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Key things to know for the 2025 tax season in Texas

Read full article: Key things to know for the 2025 tax season in Texas

The Internal Revenue Service (IRS) announced that the 2025 tax season begins Monday, Jan. 27, 2025.

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IRS announces January 27 as the start of the 2025 tax season

Read full article: IRS announces January 27 as the start of the 2025 tax season

The IRS on Friday announced January 27 as the official start date of the 2025 tax season, and expects more than 140 million tax returns to be filed by the April 15 tax deadline.

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A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Read full article: A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks.

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Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers

Read full article: Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers

The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022.

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How to avoid high FEMA check fees, price gouging in Houston

Read full article: How to avoid high FEMA check fees, price gouging in Houston

Houston residents face high fees and price gouging when cashing FEMA checks after Hurricane Beryl.

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Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower

Read full article: Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower

A report by The New York Times and ProPublica says former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper.

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IRS acts to address wide disparity in audit rates between Black taxpayers and other filers

Read full article: IRS acts to address wide disparity in audit rates between Black taxpayers and other filers

The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers.

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Last-minute tax filers: Here’s how to get that extension filed free and fast

Read full article: Last-minute tax filers: Here’s how to get that extension filed free and fast

You can buy more time, but you still need to pay today... if possible.

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Ghost tax preparer scam: Humble couple overcharged $17,000 to file taxes

Read full article: Ghost tax preparer scam: Humble couple overcharged $17,000 to file taxes

🔍 Check out this shocking tax filing story! A humble couple paid $17,000 to file their taxes, only to discover they allegedly owed $30,000 to the IRS. 😱 How did this happen? #TaxFiling #IRS #ScamAlert

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Humble couple paid $17,000 to file taxes after they allegedly owed $30,000; how did it happen?

Read full article: Humble couple paid $17,000 to file taxes after they allegedly owed $30,000; how did it happen?

The Penas claim Tax Doctors, LLC’s assessment found the Humble couple owed the IRS $30,000. Their tax preparer told them they would receive up to $20,000 in refund but must first pay the company $17,000 to file.

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How freelancers can prepare for changing tax requirements

Read full article: How freelancers can prepare for changing tax requirements

If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year.

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Texans have expanded tax filing choices with the introduction of Direct File

Read full article: Texans have expanded tax filing choices with the introduction of Direct File

As tax season reaches its peak, taxpayers in Texas and 11 other states have a new, hassle-free option to file their taxes: Direct File.

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Texas one of 12 states selected for new tax filing program

Read full article: Texas one of 12 states selected for new tax filing program

2024 Direct File pilot will allow taxpayers to electronically file for free

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What is a ‘ghost’ tax preparer and how to avoid them

Read full article: What is a ‘ghost’ tax preparer and how to avoid them

🚨 Beware of Ghost Tax Preparers! 🚨 As tax season continues, it's crucial to protect yourself from potential scams and fraudulent tax preparers.

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IRS launches crackdown on 125,000 wealthy 'non-filers'

Read full article: IRS launches crackdown on 125,000 wealthy 'non-filers'

The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017.

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IRS to go after executives who use business jets for personal travel in new round of audits

Read full article: IRS to go after executives who use business jets for personal travel in new round of audits

First, there were trackers on Taylor Swift and other celebrities’ private jet usage.

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Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force

Read full article: Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force

Treasury Secretary Janet Yellen is heading to Mexico this week, a trip announced shortly after her agency created a new strike force to help combat illicit fentanyl trafficking.

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Treasury's Yellen calls Republican effort to cut IRS funding for Israel 'damaging and irresponsible'

Read full article: Treasury's Yellen calls Republican effort to cut IRS funding for Israel 'damaging and irresponsible'

The IRS commissioner says for the agency to keep building on its customer service and enforcement priorities it needs a reliable funding stream.

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House GOP targets IRS in bill to provide emergency aid to Israel

Read full article: House GOP targets IRS in bill to provide emergency aid to Israel

House Republicans went after the IRS when they decided that emergency aid for Israel should be coupled with cuts elsewhere in the budget.

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Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returns

Read full article: Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returns

Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free file tax return system.

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House Republicans subpoena IRS and FBI agents involved in Hunter Biden case

Read full article: House Republicans subpoena IRS and FBI agents involved in Hunter Biden case

House Republicans have subpoenaed several FBI and IRS agents involved in the federal investigation into Joe Biden’s son Hunter Biden.

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IRS whistleblowers air claims to Congress about 'slow-walking' of the Hunter Biden case

Read full article: IRS whistleblowers air claims to Congress about 'slow-walking' of the Hunter Biden case

House Republicans are raising unsubstantiated allegations against President Joe Biden over his family’s finances.

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Ask Amy: $1.2K overpayment? How to know if a letter from the IRS is legit

Read full article: Ask Amy: $1.2K overpayment? How to know if a letter from the IRS is legit

A letter about an IRS refund had one viewer on high alert. She sent that letter to the KPRC 2 Investigates team to ask if it was legit. We have what you should look for to verify a letter from the IRS.

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3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers say

Read full article: 3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers say

Some congressional Democrats say three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over at least two years.

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GOP releases testimony of whistleblowers claiming interference in Hunter Biden case

Read full article: GOP releases testimony of whistleblowers claiming interference in Hunter Biden case

House Republicans have released testimony from two IRS whistleblowers who allege that the Justice Department interfered with their yearslong investigation into President Joe Biden’s son, Hunter.

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Tax expert shares what you need to know about IRS Fresh Start program and if you should enroll

Read full article: Tax expert shares what you need to know about IRS Fresh Start program and if you should enroll

Ideal Tax highlights how the IRS Fresh Start program works, if you're eligible, and what else you need to know

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IRS agent alleges Hunter Biden probe is being mishandled

Read full article: IRS agent alleges Hunter Biden probe is being mishandled

An IRS special agent is seeking whistleblower protection to disclose information regarding what the agent contends is mishandling of an investigation into President Joe Biden’s son, Hunter Biden.

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Freelancers can prepare now for new 2023 tax reporting

Read full article: Freelancers can prepare now for new 2023 tax reporting

If you receive payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change next year.

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New push on US-run free electronic tax-filing system for all

Read full article: New push on US-run free electronic tax-filing system for all

It’s that time of year when throngs of taxpayers are buckling down to file their income tax returns before Tuesday’s filing deadline, and many often pay to use software from private companies such as Intuit and H&R Block.

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Haven’t filed taxes yet? Don’t panic. Here’s what to know

Read full article: Haven’t filed taxes yet? Don’t panic. Here’s what to know

The deadline to file your taxes has arrived.

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New IRS leader promises faster, easier tax filing process

Read full article: New IRS leader promises faster, easier tax filing process

The Internal Revenue Service’s new commissioner promises that with billions in new funding, the agency will be faster, more service-focused and tech- savvy and will provide “real-world improvements” to taxpayers.

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Have tax questions? Houston experts are taking calls until 6:30 p.m. to provide answers

Read full article: Have tax questions? Houston experts are taking calls until 6:30 p.m. to provide answers

KPRC 2 Community is partnered with BakerRipley and Telemundo Houston to host a tax help phone bank on March 30 until 6:30 p.m. Volunteers are standing by to take calls in both English and Spanish. The phone number to call is 713-778-8920.

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You’ve filed your taxes -- now, what should you do with those documents?

Read full article: You’ve filed your taxes -- now, what should you do with those documents?

If you’ve finally gotten your taxes filed, you’re probably ready to put it all away and move on. Have you considered which documents you should keep? And for how long?

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That time when Willie Nelson made an album just to pay his IRS debt

Read full article: That time when Willie Nelson made an album just to pay his IRS debt

Willie Nelson owed millions in taxes, so the IRS came up with an idea to help.

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Dealing with IRS delays: What is being done to help backlogs

Read full article: Dealing with IRS delays: What is being done to help backlogs

We are right in the middle of tax filing season for 2022. Still, millions of returns from previous years are still not processed. The backlog is impacting a lot of people, including one Houston woman who called our KPRC 2 Investigates team for help.

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Dealing with IRS delays: What is being done to help backlogs

Read full article: Dealing with IRS delays: What is being done to help backlogs

We are right in the middle of tax filing season for 2022. Still, millions of returns from previous years are still not processed. The backlog is impacting a lot of people, including one Houston woman who called our KPRC 2 Investigates team for help.

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School districts face millions in extra costs as Texas program that backs bond debt hits its limit

Read full article: School districts face millions in extra costs as Texas program that backs bond debt hits its limit

Without the state’s safety net, districts with pending bond projects must now decide whether to pay more in interest or halt construction.

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Seen at 7: What to do with your Tax Refund

Read full article: Seen at 7: What to do with your Tax Refund

We are in the middle of tax season, and if you are lucky enough to get a refund this year - what do you do with it? Nathan Grant, Senior Finance Industry Analyst at MoneyTips, shares some smart ways to spend your tax refund.

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Need help with your taxes? IRS to open taxpayer assistance center in Houston this Saturday

Read full article: Need help with your taxes? IRS to open taxpayer assistance center in Houston this Saturday

The Internal Revenue Service is extending help to taxpayers by opening a special assistance center in southwest Houston Saturday.

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IRS won't tax most relief payments made by states last year

Read full article: IRS won't tax most relief payments made by states last year

The IRS says most relief checks issued by states last year won't be subject to federal taxes, providing late guidance as taxpayers have begun filing returns.

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Tax season already? Some tips for avoiding stress and scams

Read full article: Tax season already? Some tips for avoiding stress and scams

Tax season is here again.

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House GOP kicks off majority with vote to slash IRS funding

Read full article: House GOP kicks off majority with vote to slash IRS funding

House Republicans have began their tenure in the majority by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS.

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House committee expected to release Trump's taxes Friday

Read full article: House committee expected to release Trump's taxes Friday

Former President Donald Trump’s tax returns are expected to be released by the House Ways and Means Committee on Friday.

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EXPLAINER: What's the debate over releasing Trump's taxes?

Read full article: EXPLAINER: What's the debate over releasing Trump's taxes?

Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.

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Trump's taxes: House OKs bill on IRS audits of presidents

Read full article: Trump's taxes: House OKs bill on IRS audits of presidents

The House has taken action after disclosures the IRS never fully reviewed Donald Trump’s tax returns during his presidency.

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IRS mandatory presidential audit policy goes under spotlight

Read full article: IRS mandatory presidential audit policy goes under spotlight

An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny.

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Trump tax audits required by IRS were delayed, panel says

Read full article: Trump tax audits required by IRS were delayed, panel says

A congressional panel says the IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency.

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A Texas program that backs school districts’ bond debt is about to reach its limit — and it could mean raising taxes

Read full article: A Texas program that backs school districts’ bond debt is about to reach its limit — and it could mean raising taxes

Under the state’s Permanent School Fund’s Bond Guarantee Program, schools get the best interest rate on bonds. That soon may be over if the federal government doesn’t act.

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Houston area tax preparer sentenced to 3 years in prison for filing more than 40 fake tax returns, US attorney says

Read full article: Houston area tax preparer sentenced to 3 years in prison for filing more than 40 fake tax returns, US attorney says

A former Houston area tax preparer has been sentenced to federal prison following his conviction of fraudulently filing tax returns from 2014 to 2017, announced U.S. Attorney Jennifer B. Lowery.

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Ghost tax preparer accused of stealing $4.4 million

Read full article: Ghost tax preparer accused of stealing $4.4 million

Ghost tax preparer allegedly cost U.S. Government $4.4 million.

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Yellen calls for modernized IRS at Maryland field office

Read full article: Yellen calls for modernized IRS at Maryland field office

Treasury Secretary Janet Yellen is laying out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges.

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🔒 Inside Costco: How an airplane hangar store transformed into a bulk-buying destination

Read full article: 🔒 Inside Costco: How an airplane hangar store transformed into a bulk-buying destination

Have you ever wondered how Costco came into our lives?

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Yellen tells IRS to develop modernization plan in 6 months

Read full article: Yellen tells IRS to develop modernization plan in 6 months

Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring.

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Biden signs massive climate and health care legislation

Read full article: Biden signs massive climate and health care legislation

President Joe Biden has signed Democrats’ landmark climate change and health care bill.

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Congress OKs Dems' climate, health bill, a Biden triumph

Read full article: Congress OKs Dems' climate, health bill, a Biden triumph

Democrats have pushed their landmark climate and health care bill through Congress, handing an election-year victory to President Joe Biden.

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Houston woman pleads guilty to aiding in preparing 50 false income tax returns: DOJ

Read full article: Houston woman pleads guilty to aiding in preparing 50 false income tax returns: DOJ

A woman from the Houston area now faces prison time after she plead guilty to tax fraud, U.S. Attorney Jennifer B. Lowery announced.

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On Tax Day, an extension may be better than rushing a return

Read full article: On Tax Day, an extension may be better than rushing a return

Monday is Tax Day, the federal deadline for individual tax filings and payments.

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Tax Day laggards: Consider filing for extension if in a rush

Read full article: Tax Day laggards: Consider filing for extension if in a rush

Millions of Americans wait until the last minute to file their taxes, and this year is no exception.

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KPRC 2 Investigates: Here are 3 signs of a bad tax preparer

Read full article: KPRC 2 Investigates: Here are 3 signs of a bad tax preparer

With child tax credits and stimulus refunds, you may need help figuring out your taxes this year. Mom and pop offices pop up this time of year, and you should know the red flags to look out for.

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5 situations in which pets can be used for tax breaks

Read full article: 5 situations in which pets can be used for tax breaks

For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.

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IRS unit gets no funds to enforce sanctions on rich Russians

Read full article: IRS unit gets no funds to enforce sanctions on rich Russians

The IRS criminal investigation arm tasked with tracking down sanctioned Russian oligarchs' property failed to receive an infusion of money in the Ukraine aid package.

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Quiz: How much do you know about income tax?

Read full article: Quiz: How much do you know about income tax?

You likely know what “income” means, and of course you’re aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?

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Highlights of Congress' $1.5 trillion spending package

Read full article: Highlights of Congress' $1.5 trillion spending package

Congress is racing to pass a mammoth $1.5 trillion legislative package that would fund the government for the rest of the year.

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KPRC 2 Investigates: Criminals steal money from bank accounts

Read full article: KPRC 2 Investigates: Criminals steal money from bank accounts

In many cases, the victim of check fraud is out thousands of dollars even though their bank cashed the forged or fraudulent checks. Our KPRC 2 Investigates team is getting answers about who is ultimately liable.

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9+ deductions you should be making if you are self-employed

Read full article: 9+ deductions you should be making if you are self-employed

Whether you’re new to owning your own business or a seasoned vet, taxes can be so stressful. It’s easy to overlook things or simply forget an item here and there.

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Quiz: How much do you know about the tax basics?

Read full article: Quiz: How much do you know about the tax basics?

Tax season is officially here, meaning you have the next couple months to get those returns filed! This year’s IRS deadline is April 18.

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Traded cryptocurrency in 2021? Here's how to approach taxes

Read full article: Traded cryptocurrency in 2021? Here's how to approach taxes

Alternative finance has captured the attention of investors across the U.S. As the 2022 tax season approaches, traders who are new to cryptocurrency taxation will have to contend with the IRS’ rules for reporting on taxable events.

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Feds launch website for claiming part 2 of child tax credit

Read full article: Feds launch website for claiming part 2 of child tax credit

The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due.

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Taxpayers face overloaded IRS as filing season opens Monday

Read full article: Taxpayers face overloaded IRS as filing season opens Monday

U.S. taxpayers, brace yourselves because tax filing season starts Monday and you can expect the task to be more cumbersome than usual this year.

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Giving Tuesday: How these 4 tax break changes for 2021 can enhance contributions

Read full article: Giving Tuesday: How these 4 tax break changes for 2021 can enhance contributions

For those who plan on donating to a charitable organization for Giving Tuesday, there could be some opportunities to receive money back when filing taxes next year.

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Tax season is coming, here’s what you need to know for 2022

Read full article: Tax season is coming, here’s what you need to know for 2022

The Internal Revenue Service is gearing up for the 2022 tax season, and taxpayers are encouraged to plan ahead.

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KPRC 2 Investigates IRS backlog frustration and how you can get help

Read full article: KPRC 2 Investigates IRS backlog frustration and how you can get help

KPRC 2 investigates the IRS backlog and how it’s impacting people in our area. Right now, the United States Treasury is still working on some 9 million tax returns from 2020. The delays are causing a domino effect for business owners who need their tax returns to get emergency disaster loans. One Woodlands couple called KPRC 2 Investigates because they worry they will have to close their business if they can’t get help soon.

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White House, business groups tangle over Biden tax increases

Read full article: White House, business groups tangle over Biden tax increases

Don't focus on the bottom line.

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EXPLAINER: How cryptocurrency fits into infrastructure bill

Read full article: EXPLAINER: How cryptocurrency fits into infrastructure bill

What does Bitcoin have to do with roads and bridges.

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Former President Trump seeks to block Treasury Department from handing over his tax returns to Congress

Read full article: Former President Trump seeks to block Treasury Department from handing over his tax returns to Congress

Lawyers for Donald Trump on Wednesday urged a federal judge to block the Treasury Department from handing his tax returns over to the House Ways and Means Committee.

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Senator: Bipartisan infrastructure bill loses IRS provision

Read full article: Senator: Bipartisan infrastructure bill loses IRS provision

A Republican senator who helped negotiate a nearly trillion-dollar bipartisan infrastructure bill says a proposal to strengthen IRS enforcement to raise money to help pay for the bill's spending is officially off the table.

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Here is why you may want to opt out of child tax credit early payments

Read full article: Here is why you may want to opt out of child tax credit early payments

The first of six child tax credit payments to parents will hit bank accounts and mailboxes on July 15. Some families may absolutely need the money now to pay bills. That is why President Biden pushed the advance payments. If you don’t need it, there are several reasons you may want to opt-out of receiving the early payments.

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Determine your eligibility for the child tax credit with these online tools

Read full article: Determine your eligibility for the child tax credit with these online tools

The Internal Revenue Service has launched two new online tools designed to help parents manage their monthly child tax credit payments.

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Leak of billionaires' tax data draws GOP outcry over privacy

Read full article: Leak of billionaires' tax data draws GOP outcry over privacy

Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.

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Senators push measure to accelerate DAF, foundation giving

Read full article: Senators push measure to accelerate DAF, foundation giving

Two key U.S. senators introduced legislation Wednesday designed to spur faster payouts from donor-advised funds and foundations, giving new momentum to an effort that has deeply divided philanthropy.

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Child tax credit payments start July 15. This is how much you can expect to get.

Read full article: Child tax credit payments start July 15. This is how much you can expect to get.

Starting this summer, the federal government is sending money to parents with children as part of the expanded child tax credit. The child tax credit is not new. Parents can claim a $2,000 credit per child when you file your taxes. What is new this year is that the credit is much higher for certain families and you don't have to wait until you file your 2021 taxes to get it.

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Have you done your taxes? Here are new deductions and credits to help you save more money

Read full article: Have you done your taxes? Here are new deductions and credits to help you save more money

Have you done your taxes yet? If not, there are some new tax credits and deductions you need to know about so you get the most money back from Uncle Sam this year.

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After years, court hands tax win to Michael Jackson heirs

Read full article: After years, court hands tax win to Michael Jackson heirs

A U.S. tax court has handed a major victory to the estate of Michael Jackson in a years-long battle.

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