Starting next year, millions of Americans — from restaurant servers to retirees — could receive lower tax bills under President Trump's recently signed tax legislation. Why it matters: The sweeping law locks in Trump-era tax cuts and rolls out a fresh set of deductions,

There is no $2,000 stimulus check coming from the federal government in July or August 2025. No law has passed. No plan has been approved. No payment has been scheduled. There are no fourth stimulus payments planned at this time, the IRS said.

The IRS's progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according to a new report.

ICE plans to access confidential IRS data to help locate tax-paying, undocumented immigrants and boost overall detention numbers.

Americans saving for retirement will benefit from increased contribution limits for their 401(k) accounts in 2025, following a decision by the IRS. However, these adjustments come alongside the sweeping changes brought by the newly signed One Big Beautiful Bill Act,

ProPublica has obtained the blueprint for the Trump administration’s unprecedented plan to turn over IRS records to Homeland Security in order to speed up the agency’s mass deportation efforts.

Key Points The "big, beautiful bill" provides a deduction, but doesn't eliminate the federal tax on Social Security.The amount you owe in federal taxes on Social Security depends on income.State taxes still apply to Social Security regardless of the federal tax rules.

Former Missouri congressman Billy Long will be ceremonially sworn in as commissioner of the Internal Revenue Service on Friday, taking over a beleaguered agency that he once sought to abolish and that has since been beset with steep staffing cuts and leadership turnover.

Are we getting a stimulus check in July 2025? Here's status update, amount of stimulus checks, how to track IRS refund check by social security number