or 10% on the first $2,000 they contribute to an IRA—worth up to $1,000 off their tax bill—by filing IRS Form 8880 with their tax return. High earners can still take advantage of a Roth IRA ...

Compare TurboTax vs H&R Block to find out which tax software offers the best features, pricing, and support for your business ...

Compare FreeTaxUSA vs TurboTax side-by-side. Learn which tax software offers better value, support, and features for your ...

Lots of wage earners only file tax returns once a year. But small business owners, including the self-employed, have additional taxes to worry about–and possibly year round.

Getting the choice of entity right at the start is crucial, since switching later can have tax and other consequences.

Although the IRS aimed to complete most refund distributions by late May, a backlog of flagged returns, manual reviews, and identity verification cases has extended refund timelines for many. Some ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud.

The lower your modified AGI, the bigger the credit. Erroneous reporting of the PTC on your Form 1040 is an easy red flag for the IRS. Its computers flag filed tax returns showing modified AGIs ...

The IRS $3,000 tax refund for June 2025 is part of the annual tax return process, with most eligible Americans receiving refunds averaging around $2,939 this year. Eligibility is based on having filed ...

This involves filing IRS Form 709. “Gifts over the $19,000 annual limit don’t automatically trigger tax,” says Laura Cowan, an estate planning attorney and founder of 2-Hour Lifestyle Lawyer.