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

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

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 ...

Here's when the last day to file taxes is, what documents you'll need, new forms for the 2024-25 tax season and how to track ...

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

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

The support of the IRS will be provided to eligible families in order to contribute to the economic well-being of households.

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

I am confident you can answer my question and direct me to where to get the form I need. I would like to get a mail-in form for my 2024 taxes, but cannot seem to find Form 1040 SR. It’s the only form ...

There’s a special tax form for older taxpayers: If you’re having trouble reading IRS Form 1040 — your main income tax form — because of vision issues, consider IRS Form 1040-SR. The form has larger ...