W-2 forms are starting to arrive in mailboxes and inboxes. Here's why you need that form for the 2025 tax season.

When a homeowner loses receipts from years of house improvements, how can they document the renovations for the capital gains ...

These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds ...

The IRS will require centralized trading platforms to report users' crypto transaction information to the tax department ...

The IRS on Friday announced January 27 as the official start date of the 2025 tax season, and expects more than 140 million ...

As tax season approaches, millions of Americans are gearing up to prepare their 2024 tax returns. However, for those involved ...

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...

Wealthy taxpayers could get a break if Congress and Trump agree to raise the limit on federal deductions based on your local tax payments.

After identifying your tax rate, multiply your taxable income by this percentage to calculate your withholding amount. Keep ...

If you have a mortgage, you'll probably receive an IRS Form 1098 in the mail. Your mortgage lender is required to use this form if you paid more than $600 in mortgage interest last year. The form also ...

It's that time again. Tax season has begun, and taxpayers must pay any taxes owed by April 15 to avoid penalties. Here are ...

Older people, or friends and family, can quickly check their eligibility and get an estimate of what they may receive by using the online Pension Credit calculator on GOV.UK here. Alternatively, ...