Some hiccups could be ahead as we learn more about restrictions involving a new tax break based on Trump's campaign promise of "no tax on tips." ...

(That is the amount shown on Line 11 of your Form 1040 or Form 1040-NR.) But from there, figuring out your modified adjusted gross income gets complicated. MAGI for popular tax credits ...

Drawing the line What’s “the line”? That would be line 11 on IRS Form 1040 and 1040-SR, which is where you put your adjusted gross income (AGI). The first line below that, line 12, is where you would ...

With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.

To see if you qualify for the new breaks, check last year’s tax return (Form 1040, line 11). If you’re close to the income limits, you still have time to lower your MAGI for 2025.

A 30-year-old Jacksonville woman pleaded guilty on Tuesday to several charges including wire fraud involving the COVID-19 Paycheck Protection Program (PPP), according to the Department of Justice.

Learn about NFT taxes and how they apply to buying, selling, creating NFTs to comply with IRS regulations and minimize your tax obligations.

CNBC explains how to file your taxes for free with IRS-sponsored programs and no-cost options from top tax software companies and nonprofit groups.

Simple Form 1040 returns only (no schedules except for earned income tax credit, child tax credit and student loan interest). TurboTax reports that 37% of files qualify for the free edition.

That changed in 2019 under the Trump Administration, when the IRS began requiring citizens to report their crypto holdings. A crypto-related question appeared on Schedule 1 of Form 1040 in 2020, ...

In our new Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on reporting income and tax deductions on 2024 tax returns.

What should I do? If you've already filed your taxes and think you misreported income from a 1099-K, you should immediately file an amended tax return, IRS Form 1040-X.