The IRS has announced a one-time financial support of $1,700 for eligible families through the Child Tax Credit (CTC). This ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

The “Halt All Lethal Trafficking of Fentanyl Act” would amend the Controlled Substances Act to include fentanyl as a Schedule 1 drug, meaning it has no "accepted medical use and a high potential for ...

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

In recent years, the utilization of qualified small business stock (“QSBS”) has grown considerably. Many businesses are ...

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.

Filing your taxes for the first time? Here’s everything you need to know, including the necessary forms, how to report your income, your filing status, and your filing options.

Bitcoin Jesus and a Maryland lawyer's criminal indictments provide insight into how cryptocurrency is becoming more prominent ...

According to state’s Revenue and Fiscal Affairs office, 44% of South Carolina’s tax filers don’t pay any state income tax.

There’s a special tax form for older taxpayers If you’re having trouble reading IRS Form 1040 — your main income tax form ... and all the other itemized deductions found on Schedule A. However, you ...