If you already contribute pre-tax dollars to a traditional 401(k) plan or IRA, you may also want to contribute to a Roth version. You’ll forgo tax saving...
Spring usually marks the beginning of natural disaster season in the U.S. Disasters such as tornadoes and floods, in turn, typically trigger solicitations ...
If you just started receiving paychecks in 2025 (maybe you’re a recent graduate or new military recruit), this may be your first tax filing season. Befor...
Net operating loss (NOL) deductions can be valuable tax breaks for eligible taxpayers. But the rules are hardly simple, and they’ve fluctuated over the l...
Here’s some good news: IRS filing data shows that, so far this tax filing season, taxpayers’ average tax refunds are 10.6% higher compared to the same ...
The IRS warns taxpayers about a rising scam involving false claims of undistributed long-term capital gains using Form 2439. This year, it has been added t...
On March 6, the IRS issued proposed regulations addressing Trump Accounts (TAs), which were created under the One Big Beautiful Bill Act. TAs provide famil...
To offset the high costs of continuing education, the federal tax code offers eligible taxpayers several tax benefits, including credits and deductions. Th...
To avoid tax refund delays, be sure to include your bank account and routing numbers on your tax return. The IRS is moving away from paper checks, and appr...
Received an IRS letter or notice after filing your tax return? Don’t panic, but don’t ignore it. The IRS often sends letters or notices to request info...
