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

Cryptocurrencies, commonly referenced as digital assets in tax regulations, are treated as property for U.S. tax purposes ( IRS Notice 2014-21 ). This treatment means that general tax principles that ...

Obtaining your Social Security Benefit Statement has never been easier. Discover how you can quickly and conveniently access your SSA-1099 form online, ensuring a smooth tax filing process.

The IRS has faced intense blowback to Direct File from private tax preparation companies that have made billions from charging people to use their software.

The IRS has announced a one-time financial support of $1,700 for eligible families through the Child Tax Credit (CTC). This initiative aims to ease the tax burden for 2024 while promoting child ...

A record-breaking tax collection year in 2024 has prompted stricter oversight and enforcement measures in 2025, as ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...