As the new year unfolds, taxpayers in the United States face the annual task of filing their tax returns with the IRS.
Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division. The IRS has audited significantly less than 1% of all individual returns ...
"It's taxable income," said Matthew Foreman, a tax attorney and partner at law firm Falcon Rappaport & Berkman. The winnings are income even if the prediction platforms don't send a notice formally ...
If you don't think you can finish filing your income taxes by the April 15 deadline, you have options. To start, you can file ...
IRS processed 15.8% fewer income tax returns in the first week of the 2025 tax season than it did a year ago. Why? What does ...
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 your tax refund.
How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...
Navigating the complexities of tax refunds can be daunting, but understanding the IRS deadlines is crucial. Learn about the timelines and exceptions that could impact your ability to claim a refund.
Unlike Tax Day, which usually falls on or around April 15, the federal tax filing season doesn’t start on a predetermined ...
The IRS, Volunteer Income Tax Association (VITA), United Way of North Central Florida and American Association of Retired ...
If the IRS experiences staff shortages, the ability to process returns as quickly as in previous years could be in jeopardy.
When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...