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The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims
According to The New York Times, an IRS insider wrote that less than 1% of those using a Puerto Ric…
Filip De Mott
The IRS says its direct file program saved Americans $5.6 million in filing fees. Now they're making it permanent.
Over 100,000 Americans filed their taxes using the IRS's free new program last year. Now, it's stic…
Juliana Kaplan
The IRS's free tax filing system is officially open. Here's everything you need to know.
The IRS launched the Direct File tax program in March and residents of 12 states are eligible for t…
Allie Kelly
A 70-year-old 'cool old lady' is living it up in retirement because of her 'good government job' — and all the senior discounts she's found
Carole Cole, 70, loves her retirement freedom and financial stability. She went to Virginia for a m…
Juliana Kaplan
The door is slamming shut on a $50 billion tax loophole used by the superrich
The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 bill…
Geoff Weiss
Welcome to the age of geriatric millionaires
Millionaires have been getting older, and holding onto their wealth for longer. It's creating a Kin…
Juliana Kaplan
The IRS gave us a window into how much tech titans have dodged in taxes
The IRS says Microsoft owes nearly $29 billion in back taxes. It might signal a widespread practice.
Juliana Kaplan
Republicans' plan to fund Israel by cutting IRS spending would cost taxpayers billions and add to the national deficit
Cutting IRS funding would mean millionaires and large companies get away with not paying their fair…
Ayelet Sheffey,Juliana Kaplan
For some millennials, the reality of their retirement plans is that they're a fantasy
New data shows a significant gap with how much millennials expect they need to retire ($1.7 million…
Dan DeFrancesco
The IRS is rolling out a free tax filing pilot in 13 states. Here's where and who's eligible.
Taxpayers in 13 states may be able to try out the IRS's new free filing pilot in 2024.
Juliana Kaplan
Massachusetts' millionaire tax is earning more than expected and could help make up for the last few years of high earners fleeing the state
The millionaires tax in Massachusetts beat estimates by bringing in $1.8 billion so far, helping th…
Cork Gaines
Deductions for megamansions and Ferraris: The IRS details tax dodges by the ultra-wealthy and says it recently squeezed 100 millionaires for $122 million in missing taxes
The IRS is ramping up enforcement on the ultra-wealthy, and it's already raked in about $160 millio…
Juliana Kaplan
What is an IRS 1099 form?
1099 forms are used to report various types of income to the IRS such as money from contract work, …
Robin Kavanagh,Sheneya Wilson…
The IRS could recover $12 for every $1 spent on scrutinizing the ultra-wealthy's taxes
America's highest earners are pretty adept at not paying the taxes they owe. Scrutinizing them coul…
Juliana Kaplan
People are getting taxed for gig work they've never done
Uber and DoorDash have been sending tax forms to people who have never worked for the gig delivery …
Alex Bitter
Trump could face a $100 million tax bill after the IRS says he tried to write off the same losses twice on his Chicago skyscraper
In Trump's 2008 tax return, he reported that he lost up to $651 million on his Chicago tower projec…
John L. Dorman
A tax expert shares the misconceptions and hidden costs the wealthy face when moving to Puerto Rico for tax breaks
The tax benefits of moving to Puerto Rico have misconceptions about capital gains and the requireme…
Cork Gaines
You can now file your taxes directly to the IRS for free — if you live in 1 of these 12 states
The IRS has launched a free tool for taxpayers to file tax returns online, but there's a catch: you…
Dominick Reuter
President Biden's new budget wants to bring back the child tax credit and make sure Americans don't face Social Security cuts all while taxing billionaires and big companies more
President Joe Biden's latest budget proposal would expand the child tax credit and create a paid-le…
Juliana Kaplan,Ayelet Sheffey
Americans are moving a lot less — and boomers may be to blame
US internal migration has significantly slowed over the last five decades, and a new study suggests…