This season, more than 140,000 taxpayers successfully filed returns using IRS Direct File, a free tax filing pilot from the IRS. The program fully opened for certain taxpayers in 12 states in early March and saved filers an estimated $5.6 million in tax preparation fees for federal returns. However, the IRS has not made a […]

The federal tax deadline was April 15, and if you missed it, you should file your return and pay your balance as soon as possible. If you still owe taxes for 2023, you’ll continue racking up penalties and interest until you file and pay, according to the IRS. Delmaine Donson | E+ | Getty Images

A New York tax preparer was arrested on charges related to causing “substantially” more than $100 million in tax losses through the filing of false returns — one of the largest tax frauds ever by a preparer, federal prosecutors said. The preparer, Rafael Alvarez, orchestrated a “wide-ranging scheme” at his Bronx firm ATAX New York

April 15 is the federal tax deadline for most filers and could be the last chance to avoid a penalty. There’s still time to file an extension, which pushes the filing deadline to Oct. 15. But you still must pay taxes owed by the due date. Many taxpayers can still file for free with IRS

If you can’t cover your taxes in full, you should still file your return by April 15 and pay what you can, according to the IRS. You can apply for an IRS payment plan, or installment agreement,” to pay your balance over time. While you will still accrue interest and late-payment penalties after April 15,

The first-quarter estimated tax deadline for 2024 is April 15, which coincides with most taxpayers’ federal tax due date. You may need to make estimated tax payments for income from self-employment, gig economy work, investment earnings and more. Tax filers may avoid late payment penalties by sending 90% of 2024 taxes or 100% of 2023 levies if

The federal tax deadline is April 15 for most taxpayers and you can still file for an extension, which pushes the due date to Oct. 15. You can file for an extension for free online and it “takes minutes,” one tax pro said. But you still must pay your estimated tax balance by the original

President Joe Biden on Monday unveiled a new student loan forgiveness plan that could provide up to $20,000 in interest relief and debt cancellation for certain groups. While forgiveness before 2026 won’t trigger a federal tax bill, borrowers could owe taxes on future debt cancellation, experts say. US President Joe Biden speaks about student loan relief at Madison

Smart Tax Planning There’s still time to make a 2023 individual retirement account contribution and possibly claim a deduction. But not everyone qualifies for the tax break. It depends on your filing status, income and workplace retirement plan. Even if you’re eligible, you should weigh your goals before contributing, experts say. Damircudic | E+ |

The IRS issued more than 43 million refunds as of March 8, worth about $135.3 billion. The average refund was $3,145, up from $2,972 during the same week last year. You can check the status of your refund via the “Where’s My Refund?” online tool. Urbazon | E+ | Getty Images Why many taxpayers wait