Taxes

Whichever party wins control of the House and Senate must decide how to handle a slew of consequential policy matters.

There’s still time to lower your taxes or boost your refund for 2024, financial experts say. Here are some strategies to consider before year-end.

The IRS has announced new changes affecting the earned income tax credit, child tax credit, adoption credit and annual gift tax exclusion for 2025.

The IRS has announced higher federal income tax brackets and standard deductions for 2025. Here’s what taxpayers need to know.

Will the IRS “give you your money!?” Watch this explainer to see if you will qualify for the federal child tax credit.

The Biden administration has proposed a new rule that would require the largest U.S. companies to pay at least 15% of their profits in taxes.

The State Department can deny a passport application or revoke an active passport if the IRS certifies a tax debt as “seriously delinquent.”

Will New Jersey drivers who use E-ZPass to pay their tolls get tax deductions? Possibly. That is, if a bill introduced earlier this year passes. Senators James W. Holzapfel (R-Monmouth and Ocean) and Patrick J. Diegnan, Jr. (D-Middlesex) who sponsored the bipartisan Bill S520 which was introduced to the State Senate on Jan. 9, and referred to the State’s Senate…

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years.

The milestone is meant to showcase how the agency is making use of the money it received as part of the Biden administration’s Inflation Reduction Act. It comes as Republicans threatened cuts to the IRS.

Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements.

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.

You could leverage tax planning strategies after unemployment if your income is lower in 2024, experts say. Here’s what to know.

The IRS announced that Direct File, a free tax-filing option for simplified tax returns, will be a permanent option starting next year.

Have you filed your taxes on time, but are now wondering: “where’s my refund?” Your refund status is normally available on the “Where’s My Refund?” IRS website about 48 hours after e-filing a tax return. Using the website, you can also find refund information for the current year and past 2 years. Typically, according to the IRS, to process your…

Let this serve as a warning about how quickly fees can add up on your EZ-Pass account if you don’t pay tolls on time. A Long Island woman asked Better Get Baquero for help when she was told she owed more than $37,000. Lynda Baquero has the story. 

Telecommuting, a pandemic-era novelty that has become a permanent alternative for many people, has some Connecticut and New Jersey employees of New York-based companies questioning why they still have to pay personal income tax to the Empire State. Their home states are wondering as well. Fed up with losing out on hundreds of millions of dollars in tax revenue each…

On this Tax Day, refunds are looking a bit bigger for taxpayers.

If you can’t pay your taxes by April 15, you have “options,” according to the IRS. Here’s what to know about payment plans.

Tax pros say there are a few tips parents should keep in mind when filing their tax returns this year.