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The Internal Revenue Service (IRS) will start phasing out paper tax refund checks on Tuesday, September 30. This change stems from an executive order issued on March 25, directing the secretary of the ...

In just a few days, the federal tax credit for electric vehicles — which knocks several thousand dollars off the price of many new or used EVs for qualified buyers — will be history. A few years ago, ...

A lot of tax planning during the first half of 2025 was focused on what might happen if the individual provisions of the Tax Cuts and Jobs Act were allowed to expire at the end of 2025. Thanks to the ...

Issuing a paper check costs about 50 cents, according to the Treasury Department. The cost drops down to less than 15 cents per electronic transfer. Tax law experts note that those who could struggle ...

Former IRS acting commissioner Doug O'Donnell, who is now a senior managing director of KPMG's Washington national tax practice, discussed the possibilities during a LinkedIn Live session on Thursday ...

Just when you thought you knew your federal income taxes, here comes a curveball: Key tax breaks are disappearing in 2026. During his first presidency, Donald Trump signed the Tax Cuts and Jobs Act ...

Back in July, President Donald Trump signed legislation that eliminates the $7500 federal tax credit towards the purchase or lease of new electric vehicles as of September 30. However, according to ...

WASHINGTON ‒ The federal government shut down at midnight as President Donald Trump and congressional Democrats blamed each other for failing to reach an agreement in a bitter standoff over funding ...

Millions of Americans who were granted tax filing extensions have until 11:59 p.m. on Wednesday to file their returns.