Category: Taxes

The IRS has released its inflation adjustments for tax year 2025 , applicable to returns filed in 2026, which affect both your tax bracket and […]

If you’ve filed for a 2023 tax return extension and haven’t finished filing your return yet, it’s crunch time: The deadline to file your 2023 […]

About two-thirds of Americans believe they pay too much in taxes , and only about 25% believe they are getting a good return on their […]

The Inflation Relief Act provides a rebate program for homeowners who purchase certain energy-efficient appliances or other upgrades, including a heat pump water heater, a […]

While the deadline for filing most tax returns and paying off outstanding debt for the year has passed, not everyone can set it and forget […]

Congratulations: another tax season has come and gone. It’s time to relax and wait for your refund, right? Not so fast. When tax season rolls […]

Receiving a tax refund can feel like receiving a windfall of money . But before you start spending, consider using your cash back wisely to […]

If you miss the tax filing deadline this week, you may be worried that the IRS will hit you with penalties for late filing. However, […]

Updating your home can save you money on your utility bills and make your home more livable. They may even be required as existing systems […]

While most of us are familiar with the usual tax deductions such as mortgage interest, charitable donations and retirement contributions, there are many surprise deductions […]

As the April 15 tax filing deadline approaches, it’s important to separate fact from fiction when it comes to preparing your tax returns. “Tax laws […]

With the April 15 tax filing deadline right around the corner, you want to make sure you take advantage of every possible deduction. Andy Phillips […]

When it comes to managing your finances and taxes, it would be wise to take TikTok’s advice with a grain of salt . Some tax […]

With April 15th fast approaching, the clock is ticking for millions of Americans who have yet to file their 2023 taxes. If you are one […]

While the chances of an IRS audit are relatively slim for most taxpayers, the prospect of your finances being audited by tax authorities is stressful […]

A popular social media claim about a legal “tax loophole” is gaining traction, with “get rich quick” advocates advising people to write off the cost […]

Every year, taxpayers fall victim to scammers posing as the IRS in an attempt to steal money or personal information. These criminals often try to […]

After you file your 2023 federal tax return, you’ll likely want to get a tax refund if you overpaid on taxes last year. Luckily, the […]

Tax season would be easier if we could set it and forget it—if our tax obligations were consistent from year to year and our withholdings […]

If you haven’t filed your 2023 taxes yet, you might want to think about how you plan to do so. Residents of some states already […]

The W-4 is a form you fill out when you start a new job to determine how much federal income tax is withheld from your […]

There is no penalty for late filing your tax return if the IRS owes you money. But if you owe them money, things can get […]

The Earned Income Tax Credit (EITC) is a refundable federal income tax credit that can reduce the amount of taxes you owe and can also […]

With tax season upon us, the IRS is also stepping up efforts to collect late payments from the past few years. As the Detroit Free […]

Not all questions can be answered using a computer, especially when it comes to taxes. This year, the IRS announced it will extend hours of […]

It’s tempting to wait until the last minute to file your taxes . But paying your taxes sooner or later can save you time, money […]

As tax season begins, you’ll need to know the standard deduction amount you can claim for 2023. After all, most taxpayers choose to use the […]

In addition to the fact that our taxes are damn high, they are also damn complex—more complex than tax codes in other countries. Individuals spend […]

If you’re hiring someone to do your taxes this year (and there are several situations in which you should ), you need to make sure […]

With tax season in full swing, many couples are looking for last-minute ways to maximize their retirement savings and tax benefits. And if one spouse […]

Tax season is always a source of worry and worry. It’s confusing with all the forms , graphs, and worksheets that need to be filled […]

Doing your own taxes with user-friendly software like TurboTax can be a great option when your finances are relatively simple. But there often comes a […]

At this time of year, the inevitability of taxes (not to mention the cold season, laundry, etc.) can seem all-consuming. Over the past few years, […]

H&R Block Tax Software Deluxe offers step-by-step instructions on tax credits and deductions, and is accompanied by an e-learning course that covers the basics of […]

If you’re self-employed or make money as an independent contractor or freelancer, April 15 isn’t the only tax-related date you need to have on your […]

The promise of AI chatbots lies in their seemingly infinite wisdom, allowing you to ask them any question you can think of, as well as […]

On Thursday, the IRS released its annual adjustments for the 2024 tax year, which include changes to income tax brackets and a higher standard deduction. […]

In an effort to modernize and streamline its operations, the IRS has unveiled plans to implement ” paperless processing ” of tax returns by 2025. […]

As a taxpayer, you receive a federal refund whenever it turns out that you overpaid taxes during the year or withheld more from your paycheck […]

According to a recent Empower poll, only 44% of Americans know when the 2022 tax filing deadline is, so let me be clear: tax day […]