Taxes

Whichever party wins control of the House and Senate must decide how to handle a slew of consequential policy matters.

There’s still time to lower your taxes or boost your refund for 2024, financial experts say. Here are some strategies to consider before year-end.

The IRS has announced new changes affecting the earned income tax credit, child tax credit, adoption credit and annual gift tax exclusion for 2025.

The IRS has announced higher federal income tax brackets and standard deductions for 2025. Here’s what taxpayers need to know.

The United Way of CT estimates roughly 45,000 households in the state are entitled to COVID relief money from 2021 that has gone unclaimed.

The United Way of Connecticut is putting out a call to people who haven’t filed their 2021 tax returns, to do so before next spring, or risk losing out on thousands of dollars in tax credits. The organization estimates roughly 45,000 households in the state are entitled to COVID relief money from 2021 that has gone unclaimed. “Earned income tax…

Will the IRS “give you your money!?” Watch this explainer to see if you will qualify for the federal child tax credit.

The Biden administration has proposed a new rule that would require the largest U.S. companies to pay at least 15% of their profits in taxes.

The State Department can deny a passport application or revoke an active passport if the IRS certifies a tax debt as “seriously delinquent.”

Connecticut will be joining IRS Direct File, which will give residents an option to file federal tax returns online at no cost. Gov. Ned Lamont and U.S. Secretary of the Treasury Janet L. Yellen said the service will be available for Connecticut residents beginning in the 2025 filing season. Secretary Yellen said more than 290,000 Connecticut taxpayers will be able…

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years.

The milestone is meant to showcase how the agency is making use of the money it received as part of the Biden administration’s Inflation Reduction Act. It comes as Republicans threatened cuts to the IRS.

Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements.

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.

You could leverage tax planning strategies after unemployment if your income is lower in 2024, experts say. Here’s what to know.

The IRS announced that Direct File, a free tax-filing option for simplified tax returns, will be a permanent option starting next year.

On this Tax Day, refunds are looking a bit bigger for taxpayers.

It’s April 15 and that means taxes are due. Here’s what you need to know if you still need to file. 

Mark Boughton, commissioner of the Department of Revenue Services, is discussing the state’s long-term tax plan, and what it would mean for CT residents who bear one of the heaviest tax burdens in the country.

Mark Boughton, commissioner of the Department of Revenue Services, is discussing the state’s long-term tax plan, and what it would mean for CT residents who bear one of the heaviest tax burdens in the country.