Internal Revenue Service

The Internal Revenue Service has made annual inflation adjustments for more than 60 federal tax provisions, including tax-rate schedules. Notable changes under President Trump’s One, Big, Beautiful Bill include adjustments for the tax year 2026. For tax year 2026, the …

Paper refund checks are on their way out. The Internal Revenue Service (IRS), in partnership with the U.S. Department of the Treasury, announced that paper tax refund checks for individual taxpayers will be phased out beginning Sept. 30, 2025. The …

The U.S. Internal Revenue Service announced April 14 that Arkansans are getting a break on their income taxes – sort of. The IRS announced that the entire state, which was declared a federal disaster resulting from severe storms on April …

Benjamin Franklin famously said, “In this world, nothing is certain except death and taxes.” That well-worn idiom apparently applies even to the people collecting the taxes. The Internal Revenue Service is apparently seeking to cut as much as half of its …

U.S. Senator John Boozman (R-AR), along with Senator Roger Wicker (R-MS) and 40 of their Senate colleagues, recently wrote a letter to the heads of the Office of Personnel Management (OPM), the General Services Administration (GSA) and the Office of …

According to the U.S. Census Bureau, 3 in 10 families that received monthly Advance Child Tax Credit payments in 2021 spent them on kids’ school expenses; and 1 in 4 families with young children used them to cover child care …

U.S. Senator John Boozman (R-AR) continues sounding the alarm over the Biden administration’s plan to expand the reporting of confidential financial data of Americans from financial institutions to the Internal Revenue Service (IRS). Boozman and GOP senators urged Senate Majority …

Interest rates will remain steady for the coming quarter, according to the Internal Revenue Service. The IRS announced that interest rates will remain at 3 percent for overpayments and 2 percent for corporations, while there is a 0.5 percent rate …

Gov. Asa Hutchinson has extended the individual income tax filing deadline, moving the date back one month. On Friday, March 19, Hutchinson announced that he would be moving the deadline to Monday, May 17. This announcement follows the U.S. Treasury …

Federal income tax deadlines for individuals are being pushed back one month, according to the Internal Revenue Service (IRS). The IRS and the Treasury Department announced on Wednesday, March 17 that the individual federal income tax filing deadline would be …