Understanding tax deductions and credits can help you reduce your tax liability and maximize your refund. Here’s a brief overview of each: Tax Deductions:...
By law, everyone must pay tax as they earn income. Generally taxpayers must pay at least 90 percent of their taxes throughout the year...
The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit. However, some returns have errors...
In 2021, the IRS issued more than 175 million third-round Economic Impact Payments, totaling over $400 billion. Most eligible people already received the full...
When a thief steals someone’s Social Security number, they can use it to file a fraudulent tax return. This is tax-related identity theft. The...
There are lots of things in life that are just better to avoid. Unfortunately, your tax returns are not one of them. That’s why...
WASHINGTON — The Internal Revenue Service today reminded taxpayers how to avoid common errors on their tax returns. This filing season, the IRS is...
WASHINGTON ― The Internal Revenue Service today reminded taxpayers who have a tax bill that there are several ways to make payments, and there...
Taxpayers should make sure they have all their documents before filing a tax return. Taxpayers who haven’t received a W-2 or Form 1099should contact...
Are You Required to File your Taxes even If you Haven’t Worked?. If you have no income, you’re usually not required to file a...