Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s multitrillion-dollar spending bill ...

If your return has been selected for audit, it is essential that you understand your rights prior to any in-person review or meeting with the IRS agent.

As the Republican-led Congress pushes forward with President Donald Trump’s landmark 2025 mega tax bill, you may have noticed ...

The Internal Revenue Service (IRS) allows taxpayers to deduct qualified medical expenses that exceed 7.5% of their adjusted gross income (AGI). This means that if your total medical expenses are ...

American seniors are heavily reliant on Social Security to make ends meet. Six in 10 retirees said their benefits are a major ...

The second-quarter estimated tax deadline for 2025 is June 16, and making a payment could help you avoid “falling behind” on ...

Some truth exists to the claim that the IRS allows certain tax deductions on pet expenses, but critical requirements must be met. According to the Internal Revenue Service (IRS) and tax ...

I chose 1040.com from the IRS Free File website because it was the only option for free state returns and eligibility based on my AGI. The site offers a similar guided experience to TurboTax by ...

The IRS allows federal filers to deduct qualifying medical expenses that exceed 7.5% of their adjusted gross income (AGI). So, if your AGI was $80,000, you can deduct health costs above $6,000.

The Internal Revenue Service (IRS) began accepting 2024 tax returns on Jan. 27. In Connecticut, the deadline to file state and federal tax returns is April 15. There are several ways to file for free ...

According to recent IRS tax data, roughly 70% of all taxpayers — over 100 million people — have an AGI of $84,000 or less and thus qualify for IRS Free File this year.

The IRS offers various free filing options, including IRS Free File for those with an AGI of $84,000 or less and VITA programs for those needing assistance. Taxpayers can request an automatic ...