Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Many successful business owners attribute some part of their success to their community. For some of these owners, it is not enough to ...

You'll get access to an ad-free website with a faster photo browser, the chance to claim free tickets to a host of events ...

Include child care expenses you both paid for the whole year. If you are completing a return for a person who died in 2024 When completing the return of a person who died in 2024, claim eligible child ...

"It's taxable income," said Matthew Foreman, a tax attorney and partner at law firm Falcon Rappaport & Berkman. The winnings are income even if the prediction platforms don't send a notice formally ...

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Here's how proper preparation can help you successfully navigate these DST risks, from market uncertainties to structural ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

People will spend an average of $290 on filing their tax returns this year, according to IRS estimates. Individuals will pay $160 on average for tax prep, while the typical business owner will pay ...

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

IRS processed 15.8% fewer income tax returns in the first week of the 2025 tax season than it did a year ago. Why? What does that mean for refunds?