Your marital status as of Dec. 31 of the year you marry determines your tax filing options for the entire year.

Income tax refunds are usually processed within a few weeks of ITR verification, but delays can occur due to errors or mismatches.

Each year, millions of U.S. taxpayers submit corrections to their federal tax returns through the Form 1040-X, often to amend ...

ABOUT 500,000 HAITIANS HERE IN THE UNITED STATES WILL LOSE THEIR TEMPORARY PROTECTED STATUS ON SEPTEMBER 2ND. THAT’S AFTER ...

Married filing separately is one of five tax filing statuses available to taxpayers. Under this status, each spouse files their own tax return instead of one return jointly.

For example, if your filing status was Single in 2023 and Head of Household in 2024, you would receive a maximum refund of $250, not the maximum refund of $375 that is allowed for Head of ...

Filing as head of household can mean a bigger refund or a lower tax bill, but make sure you qualify. Understanding the rules is essential if you are experiencing a transition, such as shifting ...

A Maryland man who was in the United States legally was deported to El Salvador and imprisoned there because of an “administrative error,” Trump administration officials said in a court filing ...

Example: Bought 1 Ether (ETH) for $2,000 in May 2024, sold for $2,500 in November 2024 = $500 short-term gain. Use first-in, first-out or specific identification for cost basis (be consistent).

For example, according to the latest IRS guidelines, single filers under 65 must file if they earned $14,600 or more, while married couples filing jointly need to file if their combined income ...

Taxpayers often make mistakes when filing their taxes, such as inputting incorrect personal information or making math errors. Choosing the wrong filing status or claiming ineligible credits can ...

Here’s what to know 3. Incorrect filing status Choosing the wrong filing status can significantly impact your tax return by affecting your tax bracket, credits and deductions.