Estate planners and tax advisers must understand the tax and reporting rules for clients using P2P payment applications for ...

How a simple error on a state income tax return triggered a Detroit income tax bill for thousands of dollars for Northville couple.

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

Internal Revenue Service. "About Form 1040-SR, U.S. Tax Return for Seniors." Internal Revenue Service. "IRS Provides Tax Inflation Adjustments for Tax Year 2023." Tax Foundation. "Common Tax ...

As part of a $1 billion tax package passed in 2023, families can now claim $440 ... 2024), and disabled dependents or spouse on Form 1, Line 46a. Multiply Line 46a by $440. Enter the total on ...

The Federal Disaster Tax Relief Act of 2023, enacted on Dec. 12 ... H&R Block also noted that the IRS guidance in the instructions for Form 4684, which is needed to claim losses from casualties ...

Here's when the last day to file taxes is, what documents you'll need, a quick breakdown on some new forms for the 2024 and 2025 tax season and how to track your tax refund. When is the last day ...