Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

The Social Security Administration (SSA) provides critical financial support to millions of Americans through programs like ...

The IRS launched the pilot program known as Direct File in 2024 so that people can file their tax returns directly with the federal government.

Divorce is a significant life transition that brings about various changes, including how you handle your taxes. To ensure a ...

You may qualify for tax credits for caring for a child or dependent or investing in clean energy for your home.

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

Here is a list of our partners and here's how we make money. Deductions, also sometimes called tax write-offs, are eligible expenses that you can deduct on your return to lower the amount of ...

The DOR discusses topics such as reporting marital property income, deductions and credits on joint and separate returns, the impact on alimony/separate maintenance, payment of taxes in divorce ...

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 ...