You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

If newly retired American's aren't careful, tax time could be a nightmare that ends in a big tax bill. What to know to avoid ...

Tax season is almost over, but there's still time for homeowners to take advantage of these tax credits and deductions.

The deadline for certain individuals to begin receiving required minimum distributions (RMDs) is fast approaching. That day is April 1 — but the IRS is not fooling.

Required minimum distributions (RMDs) are payments typically made by year end. However, individuals who turned 73 in 2024 can delay their first RMD until April 1, 2025. This special rule applies to ...

Work through the IRS worksheet to determine your insolvency. Insolvency is reported on IRS Form 982. If your insolvency is greater than the amount of debt forgiveness, you won't have to list the ...

Retirement changes your income sources and introduces new tax laws that can confuse many people. “Today’s retirees have a ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and ...

You would use the IRS tax computation worksheet if you make $100,000 or ... to meet your federal tax liability when you file your Form 1040 individual tax return, so you’d owe $7,001 in taxes ...

Monthly Social Security payments are a crucial form of federal financial ... you can complete the IRS’ “Figuring Your Taxable Benefits” worksheet. You may find that your taxable income ...