IRS Direct File will be fully available to all eligible taxpayers in a dozen states on March 12, with a little over a month to go to file your federal tax return. This story is part of Taxes 2024, CNET’s coverage of the best tax software, tax tips and everything else you need to file … Read more
TurboTax is one of the top services for tax filing. Its free service brings the same expertise that has built a reputation in the industry. For those with W-2s and other simple taxes, like students, you can file your taxes for 2024 easily and quickly. Free federal income tax and state tax returns are available, … Read more
TurboTax is one of the most popular tax software filing option due to its easy-to-use UI, its in-app support features for different filing situations and trackers, and the expert assistance option you can use for an additional cost. It’s also the most costly option on this list, and Intuit, its owner, ran into some trouble … Read more
Congress on Thursday voted to give itself till mid March to approve a $1.66 trillion federal spending deal, deciding to push back two budget deadlines again before funding runs out. This story is part of Taxes 2024, CNET’s coverage of the best tax software, tax tips and everything else you need to file your return … Read more
RIO DE JANEIRO — Brazil’s finance minister told his peers Thursday at a G20 meeting in Sao Paulo that countries should implement a global tax on the super-rich in an effort to tackle rampant tax evasion. Fernando Haddad said tax evasion can be resolved through international cooperation so that “these few individuals make their contribution … Read more
By David Lawder WASHINGTON (Reuters) – The Internal Revenue Service said on Thursday it will go after high-income earners who have failed to file tax returns in 125,000 cases since 2017, resurrecting a non-filer enforcement program that was idled for years by past budget cuts. The IRS said that the $80 billion in funding over … Read more
Tax season is an ideal season for scammers. People are stressed-out and intimidated by the prospect of filing taxes. As a result, they may be more vulnerable to deception, including scammers’ efforts to obtain their valuable personal information, pursue refunds in a taxpayer’s name, and trick them into paying for fraudulent tax services. The end … Read more
For those with kids, this tax season could mean extra money for their family. Here’s why: Congress is working on a plan to expand the child tax credit by increasing the maximum refundable amount. In addition, you might live in one of the states sending additional child tax credit money this year. This story is part of Taxes 2024, CNET’s coverage … Read more
If you have kids, this tax season could mean extra money for you and your family. For starters, Congress is working on a plan to expand the child tax credit by increasing the maximum refundable amount. In addition, you might live in one of the states sending additional child tax credit money this year. This story is … Read more
Nobody wants to be audited by the IRS. This tax season, the IRS said it’s adding staff and technology to “reverse the historic low audit rates” on high-income taxpayers. Filing season can already be a stressful time for many people, with having to navigate countless forms and compile all of the correct information. A looming threat of … Read more