The two discrete periods seem to be left over from the 2024 federal budget announcement that proposed an increase to the capital gains inclusion rate for gains realized on or after June 25, 2024, of ...

How to file taxes for free Identify whether you are eligible to file for free. To be eligible for IRS Free File, you’ll need ...

Well-off retirees stand to gain thousands of dollars in tax savings every year if President Donald Trump succeeds in his bid to exempt Social Security benefits from income taxes, while younger workers ...

Citizens who let tax preparers to list the preparers’ bank account and get their tax refunds lost their stimulus funds to the ...

Your tax withholding will depend on all your sources ... with the form to help you get it right but always check with a tax professional if your tax situation is a little complicated and you're unsure ...

You should verify the company that you work with to reduce IRS debt because Offers in Compromise are difficult to achieve.

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

This is the big one. April 15 is the deadline to file your federal income tax return for 2024 unless you request an extension ...

Financial experts are seeing a rise in requests for a form of 'protection' which wealthy savers can take out to avoid the ...

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

People will spend an average of $290 on filing their tax returns this year, according to IRS estimates. Individuals will pay $160 on average for tax prep, while the typical business owner will pay ...

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...