The IRS has officially announced it’s pushing the due date for filing personal federal income taxes and making 2019 tax payments to July 15, 2020, due to the COVID-19 pandemic. Here’s how it will affect you.
Do tax deadlines seem to sneak up on you? April 15 isn't the only important day on the tax calendar. There are a number...
If you’re an employee, one of the many tax forms you have to file is Form W-2. And Box 12 of that form throws many taxpayers for a loop. Each of the uppercase codes you might see in Box 12 has a meaning, and understanding them is the first step to calculating your total tax liability.
There are significant tax benefits to low- and moderate-income families who save for retirement. The Retirement Savings Contributions Credit ("Saver’s Credit") could help you reduce your tax liability. A reward for building your financial security? That’s what we call a win-win.
Thanks to the Tax Cuts and Jobs Act of 2017, most investment-related expenses are no longer deductible. But in certain circumstances, you may still be able to get a tax break. Learn which investment-related expenses you can still deduct and how to qualify for them.
People imagine IRS auditors as scary, calculator-wielding mercenaries out to get more money. That’s usually not true and audits are rare, but an IRS audit is nonetheless stressful and time-consuming. If you ever do get audited, there are a few things you need to know to get yourself through it.
Tax form 1040 helps you conveniently collect information about your income, credits, and deductions in one place. But over the years, the IRS has added dozens of supplementary forms and schedules you can use for additional calculations. Which forms do you need?
The gig economy is big and getting bigger. According to a 2018 Gallup poll, 36% of American workers currently participate in the gig economy....
Foreign-born individuals pay nearly $224 billion in federal taxes and $105 billion in state and local taxes each year. An individual taxpayer identification number is one of the tools that make those tax payments possible. But what is it and how do you get one?
Every year, millions of Americans receive billions of dollars in tax refunds. Many blow it on dinners out, new clothes, and presents for themselves. But before you get carried away dreaming up inventive ways to spend your refund, do something to boost your future instead.
Tax-loss harvesting lets you use underperforming assets to lower your taxes. But managing your portfolio is complicated enough — is tax-loss harvesting even worth it? The short answer is yes. And advisory services leveraging modern technology can help you reap the benefits without the headache.
Eager to get your tax refund this year? No matter what you plan to spend it on, how and when you file can affect how fast your refund comes. So before you file your taxes, learn all about the IRS tax refund timelines and what you can do to get the cash in your hands when you need it.