The IRS has faced intense blowback to Direct File from private tax preparation companies that have made billions from ...

Macy Meyer is a North Carolina native who graduated from UNC-Chapel Hill with a BA in English and a second BA in Journalism. Macy is a Writer on the CNET How-To team, covering a variety of topics ...

The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to residents in 25 ...

Unlike deductions, which reduce businesses' taxable income, tax credits reduce their taxes on a dollar-for-dollar basis. Among the credits available to small businesses are: The IRS has a list of ...

If you’re leasing your car, check out IRS Publication 463 for rules about the number of lease payments you can deduct [0] Federal: $29.99 to $69.99. Free version available for simple tax returns ...

Tax season has officially begun, as the IRS is now accepting 2024 federal tax returns as of today, Monday, Jan. 27, 2025. Today also marks the first day taxpayers can use Direct File to submit ...

Your payday could get a bump this year now that the Internal Revenue Service's updated income tax brackets and higher standard deductions have taken effect. Depending on your income level ...

The IRS has a slew of online resources to help with difficult tax issues. Here are additional resources if you need more guidance. Macy Meyer is a North Carolina native who graduated from UNC ...

Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about ...

The late filing penalty may be higher if the CRA issued a demand to file the return and assessed a late filing penalty on a return for tax year 2021, 2022 or 2023. If you have a balance owing for 2024 ...

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Online tax software should be able to flag any missing or incomplete information before your return is submitted. In cases where it doesn't, the IRS may reject your return. Tax software should ...