According to the new IRS guidance, issued on January 15, employers may deduct payments made toward mandatory state leave programs as an excise tax. Employees can deduct their contributions as income ...
The Internal Revenue Service announced that its Free File Guided Tax Software has begun accepting individual tax returns for the 2024 tax year as of Jan. 10.
For the first time since I became the National Taxpayer Advocate in 2020, I can begin this report with good news: The taxpayer experience has noticeably improved,” Taxpayer Advocate Erin Collins wrote ...