Taxes

IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.

Adidas’ German headquarters was raided as authorities investigate a yearslong tax concern.

Whichever party wins control of the House and Senate must decide how to handle a slew of consequential policy matters.

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.

The IRS has announced new changes affecting the earned income tax credit, child tax credit, adoption credit and annual gift tax exclusion for 2025.

The IRS has announced higher federal income tax brackets and standard deductions for 2025. Here’s what taxpayers need to know.

Will the IRS “give you your money!?” Watch this explainer to see if you will qualify for the federal child tax credit.

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.

The State Department can deny a passport application or revoke an active passport if the IRS certifies a tax debt as “seriously delinquent.”

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.

More than 100 lawmakers wrote a letter to Youngkin urging him to bring the free filing program to the Commonwealth.

Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements.

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.

You could leverage tax planning strategies after unemployment if your income is lower in 2024, experts say. Here’s what to know.

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.

The IRS announced that Direct File, a free tax-filing option for simplified tax returns, will be a permanent option starting next year.

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…

The Fairfax County Board of Supervisors is looking at a proposal for a prepared meals tax again. News4’s Jackie Bensen reports.

On this Tax Day, refunds are looking a bit bigger for taxpayers.

If you can’t pay your taxes by April 15, you have “options,” according to the IRS. Here’s what to know about payment plans.