Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

We've got just about two weeks left in the 2025 tax season, and this late in the game, if you made a mistake on your tax return, there's a good chance the IRS has ...

While it’s true that you want to keep essential records, don’t be afraid to toss out what you don't need. Here's your quick guide to what to keep and what to throw out after Tax Day. Some taxpayers ...

It happens more often than you might think. Life gets busy, finances get complicated and suddenly, a year (or more) goes by without filing your tax return. Whatever the reason, though having unfiled ...

IRS Form 708 is here. 40% Tax on Gifts & Bequests from Covered Expatriates (former citizens and green card holders). Transfer ...

The average fee for preparing Form 1040 with Schedule A to itemize personal deductions and a state income tax return was a ...

Mistakes happen, and the tax law can be complex and ambiguous. The question becomes, what does a taxpayer do if they discover a mistake on their tax return? Should an amended tax return be filed? In ...