The IRS has unveiled its annual inflation adjustments for the 2025 fiscal year, impacting over 60 tax provisions.
Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.
The Internal Revenue Service announces inflation adjustments that impact tax brackets. Here's what you need to know.
The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.
Officials have offered advice on how low- and moderate-income taxpayers can save for retirement and potentially earn a tax credit in 2025 or beyond.
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