The main income documents you need to file taxes are W-2s from employers and 1099s from business clients. You may also have investment income and retirement income to report from your brokerage.

Since I have a separate bank account, keeping track of my business income and spending is easy. Instead of plugging the numbers into complicated accounting software, I use a simple spreadsheet.

Paying taxes is a part of life, but there are legal ways to lower how much you owe. Many people don’t realize that they can ...

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.

Breaking down the process of filing your tax return into 10 steps will help you confidently navigate tax season and make filing your taxes a manageable experience.

Do I have to pay taxes on a side hustle? The IRS states that if you make $400 or more in net income from a side hustle, you must file a tax return, regardless of whether or not you received a 1099 ...

Luckily, there's a tool for that. The IRS service "Where's my refund?" allows tax filers to check on and track the status of their refund, from the agency's receipt of a return to the notice of it ...

“I put away 50 percent of my earnings into a separate account for tax, and then when tax time rolls around, if I have extra money in there, I just transfer it back to myself and pay the tax bill ...

Separating your business and personal finances can seem daunting. Trust me, it’s not. I’ve created a simple 9 step guide that will help you understand what’s involved in the process of ...

You can often deduct 100% of qualifying ordinary and necessary business expenses. However, according to Lei Han, CPA, “It’s important to be aware of the limits on certain types of deductions.