If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore ...

As the 2025 tax season unfolds, the IRS has introduced several updates to the Form 1040, the cornerstone of tax filing for ...

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

We cover everything to do with taxes on gambling winnings in the US, including claiming losses & what happens if you don’t ...

By ensuring you claim any tax credits and deductions you qualify for, you can lower your tax liability and save some money.

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

Cummings says that homeowners who choose to itemize deductions must complete Schedule A, documenting expenses such as ... to ...

Filing your taxes for the first time? Here’s everything you need to know, including the necessary forms, how to report your ...

The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

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

Tax season opened on January 27, meaning taxpayers can now file and pay their tax returns with the Internal Revenue Service.