For tax year 2024, the standard deduction is $14,600 for individual filers and married people filing separately, $29,200 for joint filers and $21,900 for heads of household.

Military servicemembers serving in combat zones are given 180 days after they leave the area to file and pay their tax returns. This year, the IRS also extended the deadline for 13 states due to ...

Whether you decide to file for an extension on your own – that’s IRS form 4868 for federal taxes – or with the help of a professional tax preparer, make sure you also make a payment if you ...

Tax Day is the next business day if April 15 falls on a Saturday, Sunday, or legal holiday. Americans residing overseas have an extended deadline of June 16, 2025 to file.

The IRS Direct File program, which lets eligible taxpayers file their taxes directly with the IRS for free, is now available in 25 states, up from 12 last year when the agency piloted the program.

If you fail to file or pay your federal tax return on time, the standard penalty is 5% of any tax due for every month the return is late, up to 25% of the unpaid balance. Ouch.