Tax News

What’s Happening in the world of taxes

Tax Time Guide: Escape penalties and interest with electronic payment options on

WASHINGTON ― With the April 15 filing deadline approaching, the Internal Revenue Service encourages taxpayers who may find it difficult to gather the necessary documents they need to file or pay the taxes they owe to consider several options offered on to avoid late filing and interest penalties.

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2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers

WASHINGTON —The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.

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Tax credits and deductions for individuals

Tax credits and deductions change the amount of a person’s tax bill or refund. People should understand which credits and deductions they can claim and the records they need to show their eligibility.

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