The IRS Free File program is set to open later this week to allow eligible taxpayers to file their taxes for free using tax ...

Tax time is stressful for everyone, but there may be some good news for seniors receiving medical care in their homes, assisted living communities or skilled nursing settings. Not every expense is tax ...

Unpaid taxes are subject to the Failure to File penalty, which is 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. The penalty cannot exceed 25 percent of ...

Beginning January 10, the IRS Free File program will start accepting individual tax returns. Millions of taxpayers across the country can access free software tools provided by IRS Free File partners ...

Depending on how much you spend on dental care during the year, you might be able to deduct a portion of your dental care ...

If you choose to itemize deductions, you'll have the option of deducting the state and local sales tax you paid, or you can ...

Interest paid on a home equity loan may be tax deductible if you use the funds for specific purposes. Find out whether you ...

Practitioners should address regulatory changes, focus on practice management, and help clients plan for the scheduled TCJA sunset.

If you have a mortgage, you'll probably receive an IRS Form 1098 in the mail. Your mortgage lender is required to use this ...

Making the Tax Cuts and Jobs Act permanent would be a good start for Congress in 2025. But it’s time to take an even bigger ...

At least two forms deal with student loans and tuition, financial obligations that can be costly and overwhelming. Here's how they work.

Itemized deductions include mortgage interest, charitable deductions, state and local taxes, and medical expenses over 7.5% of AGI, and require a separate form (Schedule A). Subtracting your ...