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 ...

Drivers have been warned they face a five per cent surcharge on their car tax if they pay for their VED monthly or six ...

The Social Security tax cap protects the wealthy from paying their fair share. The rest of us pick up the burden ...

A New York taxpayer is seeking $1.2 million from the federal government after an IRS employee allegedly collected taxes from him despite the existence of an installment payment agreement with the ...

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...

From tax breaks to rental relief to improved child care, the state legislature is hoping to provide financial assistance to ...

The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay. It ...

The arrival of W-2s marks the beginning of tax season and for some a dash to the April deadline. Here's when you can file and other key dates.

The government is providing tax-free quarterly payments to help individuals and families with low and modest incomes — and ...