Tax Credits

The House of Representatives has passed the Securing a Strong Retirement Act, or Secure Act 2.0. It’s good news for many retirement savers.

The House of Representatives could vote on the Securing a Strong Retirement Act, or Secure Act 2.0, as early as Tuesday.

The deadline for 2021 traditional individual retirement account contributions is April 18. But there are special rules to qualify for a deduction. What to know.

Is your 2020 tax return still pending? There’s a special step to follow when electronically filing your 2021 return, the IRS says.

The IRS has issued a warning about how to answer the cryptocurrency question on the front page of your tax return. Here’s how to respond correctly.

There are four weeks until the federal tax deadline, which is April 18 for most Americans. Here’s what to know if you haven’t filed.

Erin Collins, the national taxpayer advocate, fights for systemic changes within the IRS. Here’s what to know about the Taxpayer Advocate Service.

The IRS has issued more than 45 million refunds worth almost $152 billion, as of March 11. Here’s the average payment.

IRS Commissioner Charles Rettig told House lawmakers he expects the backlog of tens of millions of unprocessed tax returns to clear by the end of 2022.

So far, the average tax refund is $3,401, nearly 14% higher than last year, according to the IRS.

More than a dozen states added or expanded earned income tax credits in 2021. Here’s what to know about this write-off for low to moderate earners.

A group of bipartisan lawmakers is pressing the IRS for answers regarding “numerous” concerns amid a challenging tax season.

There’s been a wave of state-level tax cuts spurred by budget surpluses, and more may be coming, policy experts say. Here’s what taxpayers need to know.

The IRS plans to hire 10,000 workers to help tackle a massive backlog of over 20 million unprocessed returns.

When it comes to remarriage, advisors recommend engaged couples look at their financial pasts, presents and futures before tying the knot again.

The IRS has established a Taxpayer Experience Office as part of a long-term plan to improve customer service. Here’s what to expect.

Gov. Phil Murphy has proposed property tax relief for nearly 1.8 million New Jersey households, including renters. Here’s what residents need to know.

Single taxpayers can claim a tax write-off for cash gifts up to $300 and married couples filing together may get up to $600 in 2021. Here’s what to know.

Millions of parents would love to see more monthly child tax credit checks. But getting lawmakers to renew those payments under the same terms may be difficult.

If you’re confusing the single and head of household filing statuses, you may be leaving tax breaks on the table. Here’s what to know for your 2021 return.