In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the 20% deduction for qualified business income or QBI ...

The IRS has released updated instructions and printable forms for the Schedule EIC and Earned Income Credit (EIC) tax forms for 2023 and 2024. TRAVERSE CITY, MI, US ...

It's often said that crime doesn't pay. In the case that it does, however, "Uncle Sam wants his cut," according to a Reddit post that went viral in April 2024. The post, which gained more than 22,000 ...

New York (CNN) — If you are someone who likes to plan ahead on your taxes, the IRS this week released the new inflation-adjusted income tax brackets and standard deduction amounts that will be in ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

On 2/6/24, the IRS released new and updated FAQs regarding Form 1099-K 2023 given that on November 21, 2023 (via Notice 2023-74) the IRS announced that calendar year 2023 would also be a transition ...