Find out how to take advantage of the extension resource and ensure that you effectively meet your tax obligations.

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

The Internal Revenue Service (IRS) has announced that over 1.1 million taxpayers nationwide have yet to claim their 2021 tax ...

Taxpayers are being warned about a new scam involving unsolicited text messages impersonating the Internal Revenue Service ...

Tax season is in full swing and the last thing you want is to file an incorrect return and wait through delays or worse — a ...

Editor: Greg A. Fairbanks, J.D., LL.M. The IRS released a draft form in summer 2024, with subsequent revisions and draft instructions, that partners will use, starting with tax years beginning in 2024 ...

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 ...

Commissions do not affect our editors' opinions or evaluations. Picking the right tax software can mean the difference between a smooth refund process and a stressful filing season. To find the ...

Sin taxes are a form of excise tax, such as the local excise tax of $1.50 New York City charges per pack of 20 cigarettes on top of the state's excise tax of $5.35 per pack of 20 cigarettes.

The Digital File My Return service is no longer available. To file your tax return, select one of the options listed below. There are several ways to do your taxes, including options that are free and ...

The IRS instructions for Form 1040 typically include a table to help you calculate the standard deduction available to you based on when you (and your spouse, if applicable) were born and whether ...

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations ...