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There's still time to slash your 2024 tax bill with these last-minute moves
You still have time to lower your 2024 tax bill or boost your refund before January, according to financial advisors. Here’s what investors need to know.
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Trump's tax plan is uncertain for 2025 — here are key lessons from his 2017 tax overhaul
Trillions in Trump’s tax cuts will expire after 2025 without action from Congress. Here are key lessons from his 2017 tax overhaul.
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IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
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Adidas' German headquarters raided in connection with tax investigation
Adidas’ German headquarters was raided as authorities investigate a yearslong tax concern.
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Four big things the winners of Congress will have to tackle in 2025
Whichever party wins control of the House and Senate must decide how to handle a slew of consequential policy matters.
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There's still time to reduce your 2024 tax bill with these strategies
There’s still time to lower your taxes or boost your refund for 2024, financial experts say. Here are some strategies to consider before year-end.
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How new tax changes for 2025 could affect federal tax liabilities for families
The IRS has announced new changes affecting the earned income tax credit, child tax credit, adoption credit and annual gift tax exclusion for 2025.
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IRS announces new federal income tax brackets for 2025
The IRS has announced higher federal income tax brackets and standard deductions for 2025. Here’s what taxpayers need to know.
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Explaining the child tax credit with the ‘Give me my money' TikTok challenge
Will the IRS “give you your money!?” Watch this explainer to see if you will qualify for the federal child tax credit.
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Treasury proposes rule to prevent large corporations from evading income taxes
The Biden administration has proposed a new rule that would require the largest U.S. companies to pay at least 15% of their profits in taxes.
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The IRS has a method of ‘last resort' to collect overdue taxes: Revoking your passport
The State Department can deny a passport application or revoke an active passport if the IRS certifies a tax debt as “seriously delinquent.”
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Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision
Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years.
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Gov. Youngkin says Virginia won't participate in IRS Direct File
More than 100 lawmakers wrote a letter to Youngkin urging him to bring the free filing program to the Commonwealth.
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IRS has taken nearly 2 years to help tax identity theft victims get their refunds
Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements.
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IRS unveils plan to end another major tax loophole for the wealthy and raise $50 billion in the process
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
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These tax strategies can be a ‘silver lining' after a prolonged job layoff, advisor says
You could leverage tax planning strategies after unemployment if your income is lower in 2024, experts say. Here’s what to know.
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DC's mayor and council chairman disagree on how to close the budget gap. Here's where their plans differ
D.C. is faced with a $700 million budget gap next year, and residents are facing some significant tax increases across the District to close the distance. News4’s Mark Segraves reports.
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IRS announces Direct File as permanent free tax-filing option starting next year
The IRS announced that Direct File, a free tax-filing option for simplified tax returns, will be a permanent option starting next year.
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Fairfax County considers prepared meals tax
The Fairfax County Board of Supervisors is looking at a proposal for a prepared meals tax again. A tax on food and beverages prepared in restaurants, grocery stores and convenience stores has been rejected in the county twice in the past two decades. Even birthday cakes could cost between 1% to 6% more if the tax is adopted. “Potential revenue…
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Fairfax County considers prepared meals tax
The Fairfax County Board of Supervisors is looking at a proposal for a prepared meals tax again. News4’s Jackie Bensen reports.