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The Latest Breaking News from IRS

There’s a lot of buzz about possible changes coming to the Child Tax Credit. CPA and TurboTax expert Lisa Greene-Lewis helps clear up the confusion.

The Street

How to Determine If You Qualify for IRS Tax Relief Programs

The burden of tax debt can be overwhelming, casting a long shadow over your financial well-being.

inkl

What happens if you didn't file taxes last year? Everything you need to know about filing back taxes

Filing back taxes may feel like a massive task, but it doesn't have to be. You can get back on track — here's how.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

The Most Common Mistakes People Make On Their Taxes, According to Experts

"There is no shame in asking for help on your taxes."

Marie Claire

Wealth Transfer and Strategic Gifting Opportunities for 2024

Inflation adjustments to the gift and estate tax exemptions, along with the pending sunset of some tax cuts, make 2024 the year to dig into transfer strategies.

Kiplinger

Six Biggest Mistakes Made on Retirees’ Tax Returns

Reducing your lifetime tax bill is the goal, so if you or your tax preparer made any of these mistakes, an amended return or better planning might be in your future.

Kiplinger

How To Avoid Capital Gains Taxes

A few small changes in your investing strategy can result in big tax advantages.

Kiplinger

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IRS Enhances Where's My Refund Tool For Taxpayers

Learn about the IRS's enhanced Where's My Refund tool for tracking tax refunds with detailed statuses and estimated delivery times.

Top News

Your Late IRA Contributions Have a Procrastination Penalty

There’s a 15-month window to make your IRA contribution for any given tax year. The earlier you make it, the more you benefit from the compounding effect.

Kiplinger

IRS Launches Direct File Program For Free Tax Filing

Learn about Direct File, the IRS's new free electronic tax return system simplifying tax filing.

Top News

Michigan man given three years’ prison for not reporting illicit drug profits

Matthew D Adams must also pay more than $3m in restitution for scheme in which he and an accomplice tried to launder funds

The Guardian - US

What Are Education Tax Credits and How to Claim Them

A comprehensive guide on this tax credit, which may help you reduce the tax bill you owe to the IRS

Latin Times

2024 Honda Prologue Officially Qualifies For $7,500 Federal Tax Credit

The upcoming 2024 Honda Prologue has been officially listed by the IRS among electric cars eligible for the full $7,500 federal tax credit.

InsideEVs

Types of Income the IRS Doesn't Tax

It may feel like the IRS taxes most of your hard-earned money, but some types of income are nontaxable.

Kiplinger

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Top News

IRS Targets High-Income Earners For Unpaid Taxes

IRS targets high-income earners for unpaid taxes dating back to 2017, sending noncompliance letters to 125,000 individuals.

The Street

How to protect yourself from AI tax fraud this season

Haywood Talcove, the CEO of LexisNexis Risk Solutions' Government group, a cybersecurity and data analysis company, broke down a new type of tax fraud for TheStreet.

The Street

Decoding Form 1099-K for the self-employed

The IRS Form 1099-K tracks income received through third-party payment methods, like credit credits, PayPal, and other payment services.

The Street

We discuss whether 401(k) contributions are tax deductible or tax deferred and explain how saving for retirement could reduce your yearly tax bill

One of the biggest advantages of investing in a 401(k) or other employer-sponsored retirement account is that the money you contribute is tax deferred, which reduces the amount of your income that is subject to tax this year.

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news in one place.

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Top News

Treasury Department Deploys AI To Combat Fraud

Discover how the Treasury Department is leveraging AI technology to combat fraud effectively and safeguard government funds.

Kiplinger

Looking for the Right Tax Professional for You? Seven Factors to Consider

The right professional will help you more than just once a year.

Latin Times

What is the Child Tax Credit and Who's Eligible in 2024?

With tax season in full force, learn more about what options are available for you such as the Child Tax Credit

The Street

Freelancers filing taxes will feel the impact of current Fed policy

Americans who underpay their taxes to the IRS will face a hefty fine this spring.

Top News

Financial Considerations For Americans Moving Abroad

Understand financial challenges for Americans moving abroad: banking, taxes, retirement, and estate planning. Seek expert advice for a smooth transition.

The Street

Tax deadline 2023: Don't miss the last day to pay your taxes!

Time flies, and before you know it, Tax Day will be here. Don't forget — this is the last day to pay taxes for 2023.

Top News

IRS Whistleblowers Reveal Evidence Of Hunter Biden's Alleged Schemes

Ongoing legal proceedings involving Hunter Biden's business dealings and potential influence of Joe Biden under scrutiny.

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