Unpaid taxes are subject to the Failure to File penalty, which is 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. The penalty cannot exceed 25 percent of ...

As the new year approaches, the IRS is gearing up to help Americans navigate the 2025 tax season with enhanced digital tools ...

The IRS sends out tax refunds 21 days after taxpayers file their returns online and six to eight weeks after submitting a ...

"Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were ...