Income taxes

Taxpayers who moved to another state during the pandemic to work remotely have been dealing with a more complicated tax season than usual.

Under IRS rules, donors can both deduct the value of the gift and avoid any capital-gains tax on the investment.

Rich investors with sizable business losses are caught in pandemic tax hell amid IRS delays.

The average refund issued so far this year is $2,201, down about $600 from the typical refund issued last year, according to the IRS.

Democrats are risking the ire of voters inflamed by this year’s tax-filing season, as the stalling of President Biden’s economic package leaves them without promised benefits.

The Golden State is poised to restore corporate tax breaks and extend its workaround for the federal cap on deductions for state and local taxes.

Here are four core moves that advisors are considering right now for clients as they gear up to file their federal tax returns.

A group representing managers at the service is pushing back against demands to stop sending automated tax notices to taxpayers.

The department is reconsidering the IRS’s reliance on facial recognition software ID.me for access to its website.

Opponents of the plan filed a lawsuit claiming a state summary of a November ballot question misleads voters.

Gift tax returns and the wealth transfer strategies they reflect don’t face the same IRS logjams as individual returns.

Several House Democrats promise to sink President Biden’s economic agenda if doesn't include an expansion of the federal deduction for state and local taxes.

The following steps will guide you in establishing an all-inclusive tax research effort on behalf of your entire client base while ascertaining the likelihood of success.

John Wiley & Sons has updated its annual J.K. Lasser series of tax guides with information for preparing tax returns this year.

The National Taxpayer Advocate's annual report to Congress sounded alarm bells as millions gear up to file their federal returns.

Democrats risk losing their edge in key suburban districts amid a stalemate that threatens plans to expand a tax break for well-off homeowners.

Inflation and higher wages can push earners up a tax bracket, while unchanged deductions can spark bigger tax bills.

Advocates say they'll continue pushing for the write-off, but it is not widely popular.

New forms’ questions; taxpayers behaving badly; why people leave; and other highlights from our favorite tax bloggers.

The pandemic-related tax provision permits more people to deduct donations to qualifying charities on their 2021 federal income tax return.