Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

This year, residents of 25 states can do their taxes using the IRS’s free Direct File service, as long as their taxes are relatively simple. This year, residents of 25 states can do their taxes using ...

Filing your taxes doesn’t have to feel like a race against time. If you need more time to file your 2024 tax return, there’s a simple solution: the tax extension. You can think of a tax extension like ...

Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions this week.

To simplify filing crypto taxes in the US, you need a 2024–2025 tax year guide that covers IRS regulations, taxable events, forms and tips to simplify your reporting. US crypto investors must file ...

Every year as tax season approaches, millions of Americans find themselves in a familiar predicament: They're simply not ready to file by the deadline. Whether it's missing tax documents, complex ...

Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has covered everything from the latest in business and tech news to sports and international news like ...

The IRS announced a furlough Oct. 8 that has some wondering what to do about an Oct. 15 tax deadline for those who requested ...

The IRS plans to lay off about half of its workforce due to the government shutdown, potentially affecting taxpayers who have ...

Tax Form 1098 tells the IRS how much mortgage interest you paid last year. You may be able to deduct this amount on your Schedule A. Not all mortgage interest is tax deductible. If you have a mortgage ...

You might need to complete a tax return for a number of reasons – for instance, if you are self-employed, if you need to pay the “high income child benefit charge”, or if you run a business. You will ...

Understanding late return. A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It gives a chance to taxpayers to declare income, allow ...