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Sen. Elizabeth Warren, D-Mass., questions Treasury Secretary Janet Yellen during the Senate Banking, Housing, and Urban Affairs Committee hearing on May 10, 2022. Tom Williams | Reuters Bill would replace Free File, allow for ‘return-free’ filing The Senate bill, known as the Tax Filing Simplification Act, directs the IRS to create a free, online service, […]

Andersen Ross | Blend Images | Getty Images Amid soaring inflation, the IRS this week announced higher federal income tax brackets and standard deductions for 2023. The agency has boosted the income thresholds for each bracket, applying to tax year 2023 for returns filed in 2024. These brackets show how much you’ll owe for federal […]

George Washington Monument at Public Garden in Boston, Massachusetts. getty Massachusetts taxpayers are getting a rare refund thanks to a 1986 law that requires the state government to refund tax revenue that exceeds a maximum threshold. The triggering of section 62F of the Massachusetts tax code raises an interesting question about state budgeting: If there […]

PISCATAWAY, N.J. (PIX11) — New Jersey resident Jeanette Carpenter is very much alive, but the IRS disagrees. She’s been awaiting an update for weeks after refiling her taxes time and again. Get the latest news, weather, sports, and entertainment delivered right to your inbox! When Carpenter filed her 2020 taxes, her accountant received an unusual […]