With many federal employees unexpectedly losing their jobs, now is a good time to review some essential tax rules.

Tips are considered taxable income, and individuals are required to report them on their federal income tax return or suffer ...

How will DOGE and the Trump Administration's cuts to federal workers affect the IRS and you getting your tax return?

The IRS and other government agencies have some leverage over the amount of your tax refund -- but you also have some power ...

As the April 15 deadline looms, taxpayers across the United States are facing the annual rush to file their federal income ...

In an executive order, President Donald Trump outlawed paper checks in favor of going all in on electronic payments.

Filing an extension prevents the IRS from imposing the costly failure-to-file penalty, which is assessed if you fail to file your tax return by the deadline. The failure-to-file penalty is a hefty 5 ...

Discover the best tax relief services to help you resolve tax issues, reduce debt, and avoid penalties. Learn how ...

The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last ...

Form 8949: For reporting capital gains and ... Sum your net gains/losses. See the “2024 Federal Income Tax Brackets” section for how these are taxed. Record FMV in USD when received (e.g ...

If you qualify, you can use one of the IRS’ eight “private-sector partners” to complete your federal returns at no cost. Some ...

Congress discusses some form of spending limits. Usually, these go nowhere or are ignored or repealed a couple of years or so after passage.