Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

Ryan Finley explains why the IRS’s recent advice memorandum on periodic adjustments may signal a significant change in ...

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

On top of a new presidency, changing economic tides and more, we have another crucial money event to focus on soon: tax ...

Elon Musk's growing power and unprecedented access to sensitive payment systems are raising concerns about tax season impacts.

Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to ...

Curious about what that IRS transcript code means? Or did you get an error code on WMR? One of the biggest questions we see ...

Remember, an extension of time to file is not an extension to pay taxes you owe. Check with your state Department of Revenue for the most up-to-date information about key deadlines. Taxpayers ...

The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.

Simple errors could lead to costly mistakes on your federal tax return. For instance, while it seems like a no-brainer that you'd remember to sign your tax form or that your arithmetic would be ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

First-time filers sometimes fall into the trap of believing that only full-time, permanent employees have to file and pay ...