The IRS has announced that the 2025 tax season will officially kick off on January 27. Taxpayers can begin filing their 2024 ...

This system for naming and storing all the paperwork you need to prepare your taxes is easy, and you don't have to follow it ...

At a minimum, prepare a list from memory of the improvements you made, including the year and the approximate cost.

A 1099-K form is sent to self-employed people who use third-party payment apps. Its threshold has been lowered from $20,000 ...

Here’s when tax season begins and ends, what you need to know before you file and an IRS online account to help with tax ...

Starting with the 2025 tax year, Form 1099-DAs will replace 1099-Bs for reporting crypto trades. For this current tax season, you will not see any 1099-DAs. Keep this change in mind as it may affect ...

The IRS has announced the start of the tax season, set for Jan. 27, and new tools and features making the filing process ...

Danny Werfel’s term has not yet expired, but the president-elect has already said he wants to appoint a new IRS chief.

The maximum tax credit per qualifying child is $2,000 for children under 17. For the refundable portion of the credit (or the ...

Most filers who submit their returns digitally receive their refunds within 21 days, but paper filers will have to wait for ...

Every year the IRS National Taxpayer Advocate Service (TAS) issues its Annual Report to Congress that discusses the ten most serious issues ...

The IRS will require centralized trading platforms to report users' crypto transaction information to the tax department ...