IRS processed 15.8% fewer income tax returns in the first week of the 2025 tax season than it did a year ago. Why? What does that mean for refunds?

As tax season kicks off, millions of Americans are preparing to file their returns. With the IRS accepting submissions from ...

IRS-certified accounting students from the School of Management will once again provide free tax preparation services to individuals and families with annual income of $67,000 or less.

The IRS treats interest earned on money in a savings account as taxable income ... including banks and credit unions, will issue a Form 1099-INT if one of your accounts earned at least $10 in interest ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Social Security can generate real income. The more you earned during your working life, up to each year's income caps, the ...

The child tax credit provides big benefits for families with children, but you may have to wait a bit longer for your tax ...

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...

The deadline to file federal tax returns and Illinois state returns is Tuesday, April 15, unless a taxpayer takes an extension. Here’s what else to know about filing your return ...