TurboTax will soon pay a $141 million settlement for ‘deceptive marketing.’ Will you be receiving a check?
Intuit, which owns TurboTax, admitted no wrongdoing in the case.
Most Popular
Why is Tax Day April 18 — and not April 15?
'Tax Day,' the deadline for filing your taxes, is different in 2023. Here's why.
Are you filing your taxes at the last minute? Take the MarketWatch Tax Quiz to see if you are prepared
Take the stress out of tax season with the MarketWatch tax quiz.
Tax Day isn’t April 18 for natural disaster victims — here are the dates to remember
People recovering from snowstorms, mudslides, tornadoes and other natural disasters may have extra time to get their tax returns in order.
What is the Child Tax Credit for 2022 — and how much is it?
The child tax credit is an important credit for families. Here's why.
What is the standard deduction for 2022 — and should you take it?
Tax Day is April 18. Here's a look at a commonly-used tax deduction.
What are tax brackets for 2022 — and why do they increase over time?
Tax brackets are a central part of the tax code for households.
IRS reveals how it’s spending $80 billion in extra funding — wealthy taxpayers and large corporations can expect more scrutiny
The $80 billion spending will be closely scrutinized by Republicans.
How will the IRS spend $80 billion in new funding? The Treasury Department is dropping hints.
An extra $80 billion in the IRS budget comes from the Inflation Reduction Act passed in 2022
My daughter has her heart set on attending a Canadian college. Will my 529 account still receive the tax benefits?
'If we withdraw from the 529 and pay tuition and room and board at this school, will this be considered a qualified withdrawal?'
Biden’s tax hikes on high earners are unlikely to make it through Congress. A bigger debate: the Trump-era tax cuts that expire in 2025.
The 2025 sunsetting of notable 2017 individual-income-tax rules is "a hurricane we already see on the radar."
‘This budget sends a clear message’: Biden’s budget tax hikes give insight into his 2024 campaign pledges
With the House of Representatives under Republican control, Biden’s proposals to tax the rich are unlikely to become law anytime soon.
‘Only the wealthy get any kind of benefit from giving financially to nonprofits’: Bipartisan bill aims to help more Americans write off charitable donations
Many taxpayers were able to deduct charitable donations up to $300 during the 2020 and 2021 tax years, but that changed in 2022.
Worried about a smaller income-tax refund? You may have good reason — refunds are already 11% smaller so far this year
Early numbers from the IRS on this year's filing season show refunds will be lower.
Warren Buffett wants you to visualize Berkshire Hathaway’s tax bill. Get out your binoculars.
'At Berkshire we hope and expect to pay much more in taxes during the next decade,' Buffett said in his annual shareholder letter.
Will you have to report your inflation-relief payment to the IRS?
The IRS has offered guidance for residents of the 21 states that made direct payments to help people keep up with rising costs.
Biden’s pick to lead the IRS faces tough questions: ‘Will the IRS be honest and fully and deeply transparent?’
Danny Werfel, the Biden administration’s pick for IRS commissioner, appeared before the Senate Finance Committee for a confirmation hearing today.
Will the IRS give me a tax break on my Super Bowl gambling losses?
Super Bowl betting could break records as more states allow legal sports wagering.
IRS says people in most states who got inflation-relief payments don’t have to report them on their taxes
The IRS is not going to tax payments from most of the states that cut checks to residents last year in order to help them defray rising living costs.
Are state ‘inflation relief’ checks taxable? The IRS is deciding that now. Read this before filing.
Approximately 20 states authorized one-time payments to residents in the face of high inflation.
The IRS audits Black taxpayers at far higher rates, study says
'Black taxpayers are audited at 2.9 to 4.7 times the rate of non-Black taxpayers,' researchers from Stanford University and the Treasury Department say.
