The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the year 2020, including tax rate schedules, tax tables and cost-of-living adjustments.

The payroll tax deferral was designed to assist people suffering from financial hardship due to the COVID-19 crisis.

The new relief bill will make the first $10,200 of benefits tax-free if your income is less than $150,000. This applies to 2020 only.

Overview In recent days, the Congress has enacted and the President has signed into law various pieces of legislation to provide economic relief to individuals and businesses as a result of the ...

Your 2020 federal-income tax rate depends on your taxable income and filing status. It determines how much you pay for taxes due in May 2021.

Uncle Sam is offering tax payers some relief by delaying the federal tax deadline, but don't forget double check when your state taxes are due.

The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021, including tax rate schedules, tax tables and cost-of-living adjustments.

Donald Trump paid no income tax during his last year as president, according to his tax returns, which were released to a congressional committee and are set to be made public within a few days ...

Donald Trump paid no income tax during the final full year of his presidency as he reported a loss from his sprawling business interests, according to tax figures released by a congressional panel.

Many people who depend on the Earned Income Tax Credit may not realize that they now can use wages from 2020 or 2019 to calculate the credit.

But in 2020, as the country staggered under the coronavirus pandemic, his finances reversed course: Mr. Trump reported a loss of $4.8 million and zero income tax.

Time is running out for hundreds of thousands of taxpayers to claim their owed 2020 tax refunds, according to the IRS. The agency says nearly $1 billion remains unclaimed ahead of the May 17 ...