How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...

Tips delivered in another method that aren’t cash, but that have monetary value are considered noncash tips. These may ...

In a bid to safeguard taxpayers and tax professionals, the IRS and CASST have announced significant changes for the 2025 tax ...

Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS. Employees receive a W-2, ...

The Internal Revenue Service launched a pilot program last year that allows people to file their taxes directly with the ...

As the 2025 tax season approaches, understanding deadlines and filing requirements is crucial. While most taxpayers have ...

Macy Meyer is a North Carolina native who graduated from UNC-Chapel Hill with a BA in English and a second BA in Journalism. Macy is a Writer on the CNET How-To team, covering a variety of topics ...

As President Trump continues to make sweeping changes to federal agencies, sections of the IRS’s Internal Revenue Manual ...

As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.

The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to residents in 25 ...

Among the credits available to small businesses are: The IRS has a list of other credits and the forms required to claim them on its website. Tax Planning and Compliance for Small Businesses While ...