History shows revoking Harvard's tax status won't be easy — or fast
A presidential effort to revoke Harvard University's tax-exempt status could run up against a number of challenges, including violating federal law.
IRS
The IRS finalizes a deal to share tax information with immigration authorities
The Internal Revenue Service reached a deal to share tax information about some immigrants without legal status, marking a major change in how tax records can be used.
EV buyers who missed out on their tax credits now have a fix from the IRS
Some car owners couldn't claim the EV tax credit for vehicles purchased in 2024 because dealers skipped a key sales reporting step. The IRS is now offering a fix.
It's your last chance to claim pandemic-era stimulus checks, the IRS says. Here's how
The IRS says some Americans who have not filed their 2021 tax returns could be eligible for a pandemic-era relief payment, as long as they do so by April 15. Here's what to know as Tax Day approaches.
Why some EV buyers are getting their tax returns rejected this year
The federal EV tax credit, worth up to $7,500, saw big changes in 2024. For buyers, the credit typically became easier to get. But if their dealers skipped a step, it was a different story.
IRS cuts over 6,000 jobs in the middle of tax season
The IRS is cutting more than 6,000 jobs this week, as part of the Trump administration's downsizing of the overall federal workforce. The job cuts at the IRS come in the middle of the tax-filing season.
A million taxpayers will soon receive up to $1,400 from the IRS
People who missed one of the COVID stimulus payments or had received less than the full amount were able to claim the credit.
Five things to know as the tax deadline looms
April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on track with last year's, while the average refund is slightly larger.
The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire
The average median refund is $932 for 2020. Texas (93,400), California (88,200), Florida (53,200) and New York (51,400) have the largest amount of people potentially eligible for these refunds.
The IRS touts improved customer service and a hassle free filing option
With less than a month before the tax filing deadline, the IRS says tax season is going smoothly. The agency is investing billions of dollars to improve service and beef up tax enforcement.