When you sell an asset for more than you paid for it, the profit you make is considered a capital gain and must be reported to the IRS. Understanding how to use Schedule D to report these gains will ...

Tax season is almost at an end, with payments and returns due on April 15. Making sure you file an accurate and complete tax return is essential to making sure you don't suffer any penalties and get ...

Many Americans have not noticed the paragraph above their signature line on the 1040 and other IRS and state tax forms, which notifies the taxpayer that they signed their tax return "under the ...

Tax credits are generally more valuable than tax deductions. There are many types of each: nonrefundable, partially refundable and fully refundable tax credits, and standard vs. itemized deductions, ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. With the filing deadline for tax returns less than a month way, taxes ...

While we all love the idea of a big tax refund in the spring, sometimes you need those funds sooner. That’s where a tax refund loan comes in. But while these loans can get you early access to funds, ...

It happens more often than you might think. Life gets busy, finances get complicated and suddenly, a year (or more) goes by without filing your tax return. Whatever the reason, though having unfiled ...

Forbes contributors publish independent expert analyses and insights. I write about tax policy and how it affects business. When it comes to filing tax returns, Artificial Intelligence (AI) has become ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

The deadline is looming for the 2025 tax season, so if you haven’t filed yet, it’s time to start thinking seriously about which tax prep software you’re going to use. Many promise to help maximize ...

The 2024 tax season is almost at the finish line: The deadline for most people to file their federal tax returns is April 15, 2025. Taxpayers in areas impacted by FEMA-designated natural disasters ...