New income tax brackets for 2026 released
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IRS to furlough half of workforce
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Missing IRS deadlines can carry financial consequences. Failure to file and pay a tax return on time can result in a penalty of 5 percent of taxes owed for each month or partial month the return is late.
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The IRS Eliminates Tax Refund Checks How to Get Your Refunds Fast
Starting in 2025, the IRS will no longer issue paper checks for tax refunds, signaling a significant transformation in the way Americans receive their tax returns. This decision is part of a broader initiative to modernize federal financial operations,
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IRS to require direct deposit info on 2025 tax returns
Starting in 2025, the IRS requires direct deposit info on tax returns to improve efficiency, security, and fraud prevention.
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IRS releases 2026 tax updates under Revenue Procedure 2025‑32, covering more than 60 provisions
The IRS is rewriting the playbook for 2026, changing tax brackets in a way that will decide how much money Americans keep and how much goes straight to Washington. The agency said new income limits are being introduced to better tackle inflation,