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

With the tax season deadline looming on April 15, it's essential to be aware of the latest updates to the IRS Form 1040 and its accompanying schedules. These changes can significantly impact how ...

The IRS has announced a one-time financial support of $1,700 for eligible families through the Child Tax Credit (CTC). This initiative aims to ease the tax burden for 2024 while promoting child ...

There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

Citizens who let tax preparers to list the preparers’ bank account and get their tax refunds lost their stimulus funds to the ...

With the 2025 tax season underway, the IRS' Free File could be just what you need to get your taxes done early and for $0.

IRS Forms 1099 are critical to the agency’s information return matching program, that makes tax reporting—and sending out tax notices to collect additional taxes—ever more automated.

Individuals are expected to file more than 160 million federal returns for tax year 2024. Most will come in by the regular ...

Even if canceled or forgiven debt was less than $600, the IRS still requires you to report it on your tax return (under the “other income” line on Form 1040 or 1040-SR). Form 1099-CAP ...