STATEN ISLAND, N.Y. -- More than 55 million Americans have already received their annual tax refunds from the Internal Revenue Service (IRS), with the average filer getting back nearly 5% more than they did last year.

As the 2025 tax filing deadline approaches, taxpayers should be aware of several minor, yet important, changes to Internal Revenue Service (IRS) reporting requirements that could impact their 2024 returns. Taxpayers have less than two weeks to submit their annual tax returns to the IRS, with the deadline being April 15.

Getting married changes the way you file your taxes, and not always to your benefit. Many people refer to the marriage tax or marriage penalty, for example. But, depending on whether you file

Direct File can be used to claim the Earned Income Tax Credit and Child Tax Credit, but not much else. You also can't itemize deductions or report additional income, like capital gains or money ...

Rep. Matthew Willard, D-Orleans, has filed a bill proposing to double the state’s Earned Income Tax Credit for low- and moderate-income families.

The IRS reminds taxpayers to check their W-2s, 1099s and other tax documents carefully before filing. If something seems wrong, contact your employer or bank.

The bill also cuts the long-term capital gains tax from 4.1% to 3.9% and expands the Earned Income Tax Credit from 10% to 15%. Montana currently has two income tax brackets — one at 4.7% and one at 5.9% — which split at roughly $21,000 for an ...

A group of Democrats on Capitol Hill is calling for Congress to pass an expanded child tax credit, after the payments to parents expired in 2021.