Starting Sept. 30, the IRS will require all tax payments and refunds to be processed electronically, ending paper checks and ...

Making this common IRS mistake could cost you big this summer—learn how to avoid penalties and protect your money.

A new executive order mandates a crucial change in how taxpayers in the U.S. receive their IRS paychecks refunds.

• Pay 110% of your 2024 total tax (if income was above $150,000) For those who failed to meet the deadline, the recently introduced IRS Fresh Start Program can provide alternate opportunities.

The IRS late payment penalty is 0.5% of the tax owed for each month or part of a month the tax bill remains unpaid after the due date, up to 25%. The government can also garnish your wages or take ...

A federal tax break worth up to $7,500 for new EVs and up to $4,000 for used ones expires Sept. 30, but new Internal Revenue ...

Aside from June 17, the additional two payment dates for the current tax year fall on September 16 and Jan. 15, 2025. (The first quarterly estimated tax deadline for 2024 was on April 15.) ...

Taxpayers who fail to make a fourth-quarter estimated tax payment by Jan. 17 could be hit with a "surprise" financial penalty, according to the IRS.

An IRS installment agreement allows you to pay your tax debt over time through monthly payments rather than in one lump sum. For debts under $50,000, you can easily apply online using the IRS ...

Additionally, if you submit your 2024 federal income tax return by Jan. 31, 2025, and pay the entire balance due, you won't have to make the final estimated payment for 2024, which would normally ...

Short-Term Payment Plan – Available for taxpayers who owe less than $100,000 in combined tax, penalties, and interest. This plan allows up to 180 days to pay off the full balance.