On Friday, the IRS released initial statistics comparing the end of January 2025 with early February 2024. As of Feb. 7, 2025 ...

Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free.

Tax season is now in full swing and the government agency has several helpful reminders for people looking to file.

These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds ...

President Donald Trump has issued a slew of executive orders (EO) since beginning his second term, including one that may ...

Expat Tax Online, a leading provider of tax services for U.S. expatriates, is highlighting recent changes to the Child Tax Credit (CTC) announced by the IRS. Families who have a child with an 1992 ...

calculator and pen are placed on income ... Let’s start with the basic three-year rule, but in many cases, IRS can audit six tax years, not three. So, if you are thinking you only need to ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

A recent Credit Karma survey found that 37 percent of taxpayers rely on their refund to get by, rising to 50 percent among ...

As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan EITC from ...

Use our calculator to estimate what you owe. Schedule C is an IRS tax form that reports profit or loss from a business. Sole proprietors or single-member LLCs typically use the form. Disclaimer ...