Follow the latest Taxes news, videos, and analysis from ABC News.
October 28, 2024 at 10:07 PM
Trump proposes eliminating the income tax. Here's what experts think.
Experts cast doubt on whether the lost revenue could be replaced with tariffs.
October 28, 2024 at 10:07 PM
5 months ago
Taxpayers to foot bill for majority of FLOTUS Paris-Delaware trips for Hunter trial
Taxpayers will front the majority of first lady Dr. Jill Biden's travel between Paris, France, and Wilmington, Delaware, to attend Hunter Biden's trial.
5 months ago
7 months ago
What to do if you missed the Tax Day deadline
"GMA" shares tips on how you can still file, the fees involved and whether it will affect your refund if you missed the deadline on April 15.
7 months ago
7 months ago
Last-minute tax tips before you file
You have until midnight Monday to file your taxes and avoid getting hit with penalties and interest.
7 months ago
7 months ago
How to get a last-minute tax filing extension
An extension affords filers more time but comes with limitations.
7 months ago
7 months ago
How to get a last-minute extension on filing your taxes
An extension affords filers more time but comes with limitations.
7 months ago
8 months ago
IRS Commissioner sounds alarm on tax scams
IRS Commissioner Danny Werfel walks ABC News’s Rebecca Jarvis through the red flags from scammers and how taxpayers can stay protected.
8 months ago
8 months ago
Reporter warns against relying on AI tools for filing taxes
H&R Block and TurboTax are rolling out new AI chatbots to assist users preparing their own taxes, but a Washington Post tech reporter says his experience trying out the tools was less than perfect.
8 months ago
8 months ago
Authorities warn about 'jugging' amid tax season
"Jugging" is when criminals watch a person make a transaction at their bank, then follow them to their next destination to take their money.
8 months ago
8 months ago
IRS launches tool for free tax filing
The Internal Revenue Service has launched “Direct File,” a free online tool designed for taxpayers with very basic returns.
8 months ago
9 months ago
Here’s how to get a bigger tax refund this year
There are many ways American can yield a higher reward on their taxes ahead of the April 15 deadline.
9 months ago
9 months ago
How to get a bigger tax refund, according to experts
The size of a tax refund may depend on the approach taken by a filer.
9 months ago
9 months ago
Tax updates in 2024
New changes, including upgraded tax brackets and deductions, new tax credits and expanded eligibility for free filing, go into effect this year.
9 months ago
9 months ago
Former IRS agent and tax journalist talks about filling in 2024
Kemberley Washington, CPA and tax analyst, talks about must-know tax changes regarding child tax credits and penalties.
9 months ago
9 months ago
IRS to open its free tax filing site to more new users
As the tax filing season gets underway, taxpayers in some states will have available to them in “the coming days,” the IRS said Wednesday.
9 months ago
9 months ago
Answering your questions about taxes
Business reporter Alexis Christoforous answer your questions on inheritance tax and homeowner tax deductions.
9 months ago
9 months ago
What to know about Parent PLUS loan forgiveness
ABC News' Alexis Christoforous reports on options to pay Parent PLUS loans and electric vehicle tax breaks in today's "Ask Alexis."
9 months ago
10 months ago
House passes bipartisan tax bill
A bipartisan tax cut bill is now headed to the Senate. The $78 billion bill passed the House in a rare bipartisan vote, but now it's facing some resistance with Senate Republicans.
10 months ago
10 months ago
House passes bipartisan tax bill that would expand child tax credit
The House passed a bipartisan tax bill that would enhance the popular Child Tax Credit to benefit millions of American families.
10 months ago
10 months ago
Tips for filing your taxes
ABC News business reporter Alexis Christoforous has what you need to know about filing your taxes this year.
10 months ago
10 months ago
IRS launching new programs to make filing easier as 2024 tax season begins
The IRS is offering new programs for taxpayers during the 2024 tax filing season after receiving supplemental funds to increase services from the Inflation Reduction Act.
10 months ago
10 months ago
IRS begins accepting 2023 tax returns
The IRS is encouraging people to create an account for free at irs.gov, where they can see balance and payment options, file for extensions and use an interactive tax assistant to answer questions.
10 months ago
10 months ago
Last minute ways to lower your tax bill
ABC News business reporter Alexis Christoforous provides helpful strategies to help lower your tax bill.
10 months ago
10 months ago
2023 tax return filing starts Monday
ABC News' Alexis Christoforous joins us with what’s new from the IRS this year.
10 months ago
10 months ago
Capitol Hill lawmakers struggle over bipartisan tax deal
ABC News political correspondent Rachael Bade breaks down the struggle lawmakers on Capitol Hill are facing to come to an agreement over an $80 billion bipartisan tax deal.
10 months ago
10 months ago
IRS announces plans to simplify tax notices
The IRS is launching a new initiative to redesign and simplify common tax documents. This, as airlines' frustration with Boeing's manufacturing issues is boiling over.
10 months ago
10 months ago
The IRS announces plans to simplify and redesign tax notices
With tax season set to kick off next week, the IRS is launching a new initiative to redesign and simplify common tax documents.
10 months ago
10 months ago
New proposal could expand child tax credit
ABC News’ Elizabeth Schulze talks about a new proposal in Congress that could expand the child tax credit and what it could mean for your family.
10 months ago
10 months ago
Hunter Biden pleads not guilty to federal tax charges
Federal prosecutors allege Hunter Biden of failing to pay $1.4 million in taxes and used the money to fund an extravagant lifestyle.
10 months ago
1 year ago
Shakira reaches deal with Spanish prosecutors in tax evasion case
Spanish prosecutors accused Shakira, who is Colombian, of tax evasion in December 2018 for the years 2012 to 2014.
1 year ago
1 year ago
Money Monday: Extended tax deadline approaching
Forbes Advisor tax analyst Kemberley Washington drops by to share what you need to know if you filed a tax extension.
1 year ago
2 years ago
By the Numbers: Tax Day
A look at the numbers behind Americans filing their tax returns ahead of Tuesday’s deadline.
2 years ago
2 years ago
Lynn Richardson shares last-minute tax tips
The financial expert and “Get Your Money Back” author answers viewers' questions before Tax Day.
2 years ago
2 years ago
Last-minute tips for filing your taxes
The official deadline to file taxes online is April 18 and ABC News business reporter Alexis Christoforous breaks down what you need to know about filing your taxes this year.
2 years ago
2 years ago
Last minute tips for taxes
ABC News’ Alexis Christoforous shares last minute tips and whether you qualify for an extension as the tax deadline approaches.
2 years ago
2 years ago
Tips for filing your taxes with the deadline 1 week away
Whether you have already filed or need an extension, ABC News business reporter Alexis Christoforous has the scoop.
2 years ago
2 years ago
April tax filing deadline is rapidly approaching
ABC News business reporter Alexis Christoforous gives tips for filing your taxes and what to do if you can’t file on time.
2 years ago
2 years ago
Expert answers questions ahead of tax season
With less than two weeks until taxes are due, ABC News Chief Economic correspondent Rebecca Jarvis answers all your questions ahead of the deadline.
2 years ago
2 years ago
Money Monday: Get a better tax return next year
Forbes tax adviser Kemberley Washington shares what we can do today for a more generous tax return next year.
2 years ago
2 years ago
Money Monday: What to know before filing your tax return
Michelle Singletary, personal finance columnist for The Washington Post, breaks down what you need to know before filing your 2022 tax return.
2 years ago
2 years ago
Taxpayers could see 1st 'normal filing season' in years
The IRS is answering 90% of calls to its customer service line this year.
2 years ago
2 years ago
IRS decides not to tax most state stimulus checks from 2020
Plus, Audi is collecting old rechargeable batteries to use for EV battery production, and Mcdonald's unveils a new meal for two just in time for Valentine’s Day.
2 years ago
2 years ago
The IRS suggests waiting to file your tax returns
Plus, Disney to slash $5.5 billion in costs and nearly 5 million bottles of Fabuloso have been recalled due to a risk of bacterial growth.
2 years ago
2 years ago
IRS expects better tax season service thanks to Inflation Reduction Act funding
The IRS is detailing the 2023 tax season resources as congressional Republicans try to rescind much of the Inflation Reduction Act's funding for the agency
2 years ago
2 years ago
What to know about filing your taxes
With tax season kicking off, ABC News' Rebecca Jarvis shares what’s new going into this year, how things have changed post-pandemic and the quickest way to get a refund.
2 years ago
2 years ago
Tax season officially begins next week
Financial expert Humphrey Yang joins with advice and what to do before filing taxes this year.
2 years ago
2 years ago
Why your tax refund may be smaller this year
The expiration of COVID-era tax breaks means millions of Americans may get smaller refunds when they file their tax returns for 2022.
2 years ago
2 years ago
Why your tax refund may be smaller this year
The expiration of COVID-era tax breaks means millions of Americans may get smaller refunds when they file their tax returns for 2022.
2 years ago
3 years ago
TurboTax to pay $141M to customers after lawsuit
Intuit, the company behind the tax-filing software, agreed to pay restitution to customers who were charged when using its free tax-filing software.
3 years ago
3 years ago
By the Numbers: Tax day
Individual income tax returns are due Monday, as the IRS still works to clear a backlog of unprocessed returns from 2021.
3 years ago