President Trump's promise of "no tax on tips" and "no tax on overtime" is finally moving from campaign slogan to practical reality, as the Internal Revenue Service begins spelling out how workers and ...

You've clocked out of work for the last time, and you're ready to kick off your retirement in style. Umbrella drinks, catching up on your hobbies, and … what's that? Hold on, there's someone at the ...

If you find yourself in a dilemma needing to change a tax return, here is what you want to avoid. To begin with, if the ...

International students in the US, including F-1 and J-1 visa holders, must file taxes annually, even without income. This ensures visa compliance and aids future applications. Key forms include 8843 ...

If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

September 15 is a critical date for millions of taxpayers as the IRS requires quarterly estimated tax payments on income that isn't automatically subject to federal withholding—such as self-employment ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Choosing your filing status is a crucial step for preparing your federal tax return, as it determines your standard deduction, tax rates, and brackets. Your filing status is very important because it ...

Doing taxes isn’t exactly easy, and “tax deduction” brings to mind piles of receipts and complicated calculations, just to ...

For many of us, Tax Day comes but once a year. For others, taxes come due more often. Freelancers, small business owners and those earning over a certain amount from a side hustle are among those who ...