Taxes

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.

Taxpayers who requested extensions for their 2023 income tax returns are being reminded of a looming deadline arriving later this month.

Taxpayers who requested extensions for their 2023 income tax returns are being reminded of a looming deadline arriving later this month.

A glitch in an Internal Revenue Service system is causing headaches for taxpayers, NBC Chicago’s PJ Randhawa reports.

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.

The milestone is meant to showcase how the agency is making use of the money it received as part of the Biden administration’s Inflation Reduction Act. It comes as Republicans threatened cuts to the IRS.

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

With some suburban residents facing significant increases in their property tax bills, a group of mayors are pushing to try to reverse some of those charges.

The mayor of south suburban Harvey is calling for change after the village’s residents have seen a sharp property tax increase, NBC Chicago’s Christian Farr reports.

In an interview with Cook County Treasurer Maria Pappas, she provides insight as to why Chicago’s south suburbs are facing a record-high property tax increase.

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.

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

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