With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and ...

As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.

The IRS has established some reporting rules for income that's received on P2P payment platforms such as Venmo including ...

These tips can help you decide what’s right for you this year Lea Uradu, J.D., is a Maryland state registered tax preparer, ...

Key Takeaways - How to Avoid Paying Taxes on Debt Settlement An individual overwhelmed by debt who is considering debt settlement has to take possible drawbacks into account, with a tax obligation ...

People who are legitimately filing for the Fuel Tax Credit should include this new statement along with the other designated forms: Form 1040 ... IRS statement. Audits and jail time are also on ...

The Internal Revenue Service (IRS) will begin accepting tax returns for tax year 2024 on Jan. 27, the IRS agency announced. The deadline to file taxes for tax year 2024 is April 15. The IRS ...

Even if Donald Trump vastly expands the use of tariffs as president, it’s unlikely he’ll collect enough revenue to replace the more than century-old federal income tax system. President-elect ...

This compares to IRS gross tax collections of $4.69 trillion in fiscal 2023 alone. Senator Ron Wyden, the top Democrat on the Senate Finance Committee, blasted Trump's proposal. "No amount of silly ...

Paying US federal and state taxes online can be confusing, and one wrong move can result in penalties or extra money owed. We ...

The Internal Revenue Service is preparing for a tax season that will look quite different for 2025, with the coming expansion of the agency’s Direct File program and other modernization efforts — but ...