Taxes
Follow the latest Taxes news, videos, and analysis from ABC News.
July 11, 2024 at 11:34 PM

IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed...
July 11, 2024 at 11:34 PM
FILE - A sign for the Internal Revenue Service building in Washington, May 4, 2021. The IRS plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade, the U.S Treasury says.(AP Photo/Patrick Semansky, File)
July 10, 2024 at 3:34 PM

Tax prep company Intuit to lay off 1,800 as part of AI-focused reorganization plan

Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about 10% of its workforce
July 10, 2024 at 3:34 PM
FILE - Intuit TurboTax packages are seen on display in a Costco Warehouse, Jan. 26, 2023, in Pittsburgh. Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday, July 10, 2024, that includes laying off about 10% of its workforce. (AP Photo/Gene J. Puskar, File)
1 month 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.
1 month ago
First lady Jill Biden arrives at the J. Caleb Boggs Federal Building on June 10, 2024, in Wilmington, Delaware. (Photo by Anna Moneymaker/Getty Images)
3 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.
3 months ago
VIDEO: What to do if you missed the Tax Day deadline
3 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.
3 months ago
VIDEO:
3 months ago

How to get a last-minute tax filing extension

An extension affords filers more time but comes with limitations.
3 months ago
A woman filling a tax form
3 months ago

How to get a last-minute extension on filing your taxes

An extension affords filers more time but comes with limitations.
3 months ago
An extension affords filers more time but comes with limitations.
3 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.
3 months ago
VIDEO: IRS commissions sounds alarm on tax scams
3 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.
3 months ago
VIDEO: Reporter warns against relying on AI tools for filing taxes
4 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.
4 months ago
VIDEO: Authorities warn about 'jugging' amid tax season
4 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.
4 months ago
VIDEO:  IRS offers free tax filing
4 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.
4 months ago
There are many ways American can yield a higher reward on their taxes ahead of the April 15 deadline.
4 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.
4 months ago
5 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.
5 months ago
New changes, including upgraded tax brackets and deductions, new tax credits and expanded eligibility for free filing, go into effect this year.
5 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.
5 months ago
VIDEO: Former IRS agent and tax journalist talks about filling in 2024
5 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.
5 months ago
1040 form is seen here in an undated stock photo.
5 months ago

Answering your questions about taxes

Business reporter Alexis Christoforous answer your questions on inheritance tax and homeowner tax deductions.
5 months ago
VIDEO: Answering your questions about taxes
5 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."
5 months ago
VIDEO: What to know about Parent PLUS loan forgiveness
5 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.
5 months ago
VIDEO: House passes bipartisan tax bill
5 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.
5 months ago
Speaker of the House Mike Johnson (R-LA) holds a news conference following a caucus meeting at the U.S. Capitol Visitors Center on Jan. 30, 2024 in Washington, DC.
5 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.
5 months ago
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5 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.
5 months ago
1040 form is seen here in an undated stock photo.
5 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.
5 months ago
VIDEO: IRS begins accepting 2023 tax returns
6 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.
6 months ago
VIDEO: Last minute ways to lower your tax bill
6 months ago

2023 tax return filing starts Monday

ABC News' Alexis Christoforous joins us with what’s new from the IRS this year.
6 months ago
VIDEO: 2023 tax return filing starts Monday
6 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.
6 months ago
VIDEO: Capitol Hill lawmakers struggle over bipartisan tax deal
6 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.
6 months ago
VIDEO: IRS announces plans to simplify tax notices
6 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.
6 months ago
Internal Revenue Service taxes forms are seen, Feb. 13, 2019.
6 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.
6 months ago
VIDEO: New proposal could expand child tax credit
6 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.
6 months ago
VIDEO: Hunter Biden pleads not guilty to federal tax charges
8 months 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.
8 months ago
Colombian performer Shakira leaves court in Barcelona, Spain, Monday, Nov. 20, 2023.
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
VIDEO: Money Monday: Extended tax deadline approaching
1 year ago

By the Numbers: Tax Day

A look at the numbers behind Americans filing their tax returns ahead of Tuesday’s deadline.
1 year ago
VIDEO: By the Numbers: Tax Day
1 year ago

Lynn Richardson shares last-minute tax tips

The financial expert and “Get Your Money Back” author answers viewers' questions before Tax Day.
1 year ago
VIDEO: Lynn Richardson shares last-minute tax tips
1 year 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.
1 year ago
VIDEO: Last-minute tips for filing your taxes
1 year 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.
1 year ago
VIDEO: Last minute tips for taxes
1 year 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.
1 year ago
VIDEO: Tips for filing your taxes with the deadline 1 week away
1 year 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.
1 year ago
VIDEO: April tax filing deadline is rapidly approaching
1 year 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.
1 year ago
VIDEO: Expert answers questions ahead of tax season
1 year 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.
1 year ago
VIDEO: Money Monday: Get a better tax return next year
1 year 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.
1 year ago
VIDEO: Money Monday: What to know before filing your tax return
1 year ago

Taxpayers could see 1st 'normal filing season' in years

The IRS is answering 90% of calls to its customer service line this year.
1 year ago
The IRS headquarters is shown in Washington, D.C., on Jan. 10, 2023.
1 year 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.
1 year ago
VIDEO: IRS decides not to tax most state stimulus checks from 2020
1 year 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.
1 year ago
VIDEO: The IRS suggests waiting to file your tax returns
1 year 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
1 year ago
The IRS headquarters is shown in Washington, D.C., on Jan. 10, 2023.
1 year 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.
1 year ago
VIDEO: What to know about filing your taxes
1 year ago

Tax season officially begins next week

Financial expert Humphrey Yang joins with advice and what to do before filing taxes this year.
1 year ago
VIDEO: Tax season officially begins next week
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
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

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
The Internal Revenue Service headquarters, in Washington, D.C., Jan. 10, 2023.
2 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.
2 years ago
VIDEO: TurboTax to pay $141M to customers after lawsuit