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Finance

Black taxpayers more likely to face audits, IRS confirms

IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023.Al Drago | Bloomberg | Getty ImagesThe...

Finance

The IRS released its $80 billion funding plan. Here’s what it means for taxpayers

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023.Kevin Lamarque | ReutersThe IRS on Thursday released a plan...

Finance

Here’s why IRS tax audits have declined over the past decade

Tax season is upon us, and along with it comes the ensuing bout of paranoia about the dreaded IRS audit.But, statistically speaking, getting audited...

Finance

IRS about 3 to 5 times more likely to audit Black Americans’ tax returns, study finds

Jeffrey Coolidge | Photodisc | Getty ImagesBlack Americans are roughly three to five times more likely to face an IRS audit than other taxpayers,...

Finance

How to figure out the best time to file your tax return: Don’t ‘race to the finish line,’ say tax pros

As tax season begins, you may be eager to file your tax return for a faster refund and to check the annual task off...

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