Tax season begins in the United States. The IRS expects to receive more than 146 million returns. Get your finances in order! The Internal Revenue Service (IRS)…
End of year tax tips. Get your ducks in a row now. Freelancers and small business owners can save money. For small business owners, year-end tax planning…
Gloria Trevi is accused of tax fraud. The singer finds herself in trouble once again. What did she say about the tax fraud allegations? Gloria Trevi is…
The IRS will no longer make unannounced home visits to taxpayers. This is to combat scams and keep their workers safe. The change is effective immediately. The…
Hunter Biden has a reached a plea deal on federal tax and gun offenses. President Biden expresses his love for his son. Trump and Republicans lash out…
Millions of taxpayers will receive settlement checks from TurboTax. Who will be getting the payments? TurboTax discouraged people from filing their returns for free. Intuit, the parent…
Joe Biden proposes raising taxes higher income earners. He hopes to extend Medicare's solvency for 25 more years. How is the public reacting? On Tuesday, President Joe…
Bad news for millions of Americans. Many will receive significantly smaller tax refunds this year. So far tax filers are receiving refunds that are 11% less this…
The average taxpayer takes 13 hours to prepare their tax return. This process includes gathering documents and mailing in the forms. Find out how to do your…
Who can claim the foreign tax credit? Learn the exceptions and compliance issues. Do you know what the foreign tax credit is? This is a credit granted…
The Child Tax Credit is capped at $2,000 per dependent in 2022. Find out the requirements to claim this credit. What about the Credit for Other Dependents?…
Find out if you are eligible to claim an education credit on your taxes. Understand the requirements to claim this credit. Are you eligible for the lifetime…
The ITIN identifies taxpayers who do not have a Social Security number. It was created in 1996 so that non-resident workers could pay taxes. Learn more about…
Know what forms you need to file your taxes. Make sure the information presented is verifiable. Learn the most efficient way to fill out tax forms. Which…
45% of homeowners are first-time buyers. A 2021 bill proposes up to $15k in tax credits for first-time homebuyers. Find more about the first-time homebuyer tax credit.…
Americans save an average of $141,524 for retirement. Some savings contributions may qualify for tax relief. Learn about the retirement savings contribution credit. Do you qualify for…
Find out which undocumented immigrants must file a tax return. On average, undocumented immigrants pay 8% of their income in taxes. Most of the undocumented file their…
Millions of taxpayers will receive direct payments this month. Those who are eligible will receive $750 and $1,500. Rebates for Colorado residents. Officials have good news that…
Donald Trump did any federal income tax in 2020. The former president requested that it be kept secret. He was the first president since Gerald Ford not…
The IRS alerts approximately 19 million taxpayers who requested an extension to file their taxes. They have until October 17, 2022 to file their taxes. The IRS…
