The Internal Revenue Service (IRS) has confirmed that there will be no changes to the interest rates for the upcoming quarter ...

The penalty for underpaying your taxes will remain the same this summer as it is now. The IRS has announced that the interest ...

Despite President Donald Trump’s monthslong advocacy for eliminating the carried interest tax break, one of the most ...

Federal Series I Savings Bonds can be a good option for long-term savings, an emergency fund or even some college savings.

IRS calculates interest on late tax payments daily using the federal rate plus 3%. Filing late incurs a 5% monthly penalty, while late payment has a 0.5% per month penalty. Penalties can ...

The bill would make key portions of the TCJA permanent and create a new "senior bonus" deduction, among its many provisions.

U.S. President Donald Trump privately urged House Speaker Mike Johnson during a phone call on Wednesday to raise the tax rate ...

The IRS challenged both of these positions alleging (1) that other factors in addition to charging the AFR interest rate needed to be taken into consideration for determining whether there was a ...