Social Security beneficiaries may face taxes if they have additional income sources or due to the COLA increase. Here's how to determine if you're affected.

If you fall into a lower tax bracket this year, you'll pay a lower tax rate, which can slightly increase the amount of money ...

Discusses Treasury regulations for 831(b) microcaptive transactions issued 1/14/2025 re listed transactions and transactions ...

Although the incoming administration vowed to end the EV incentives, buyers can still benefit, and these are all the EVs that ...

Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...

“The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the Tuesday, April 15 federal deadline,” reads the release. “More than half of all tax returns are ...

“To minimize headaches and get this money to eligible taxpayers, we’re making these payments automatic, meaning these people ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

That time of year has arrived — could you use help doing your income taxes? Administered through the AARP Foundation, Tax-Aide provides IRS-certified and trained volunteers who will meet with ...

As tax season approaches, it's time to gear up for filing for 2024 taxes. Here's what you should keep in mind.

A Massachusetts roofer has agreed to plead guilty to hiding $1.6 million in income from the Internal Revenue Service, the U.S ...