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

If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...

Because of how IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send ...

President Trump and Elon Musk aim to slash the IRS budget and workforce. VITA (Volunteer Income Tax Assistance) is a cost ...

Thousands of families in the United States stand to benefit from the IRS, a significant tax relief that can reduce your tax ...

Lea Uradu, J.D., is a Maryland state registered tax preparer ... Form 1040. This new Form 1040 included six new numbered schedules in addition to the existing ones like Schedule A.

You may be surprised to discover that unemployment benefits are taxable. These payouts are subject to federal income taxes and, depending on where you live, state income taxes. But don't ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership.

For student loan borrowers, tax season's creeping up, and if you're wondering how much you can shave off your 2025 taxes with ...

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

Paying taxes with a credit card comes with processing fees of 1.75% to 2.95%, but can make financial sense when earning ...

IRA contributions are often tax-deductible, but your eligibility for a full, partial, or no deduction depends on factors like ...