Choosing a tax professional is important to preparing an accurate and well-prepared tax return. The Internal Revenue Service (IRS) provides guidance and resources to help taxpayers make informed choices and avoid scams. Types of Tax Professionals There are three…

We'll be filing our 2025 tax returns from February to April 15, 2026. But you can start calculating your income, expenses, and deductions, as well as gathering the necessary documents, right now. Even if you hire a professional, let alone file your return…

Filing a tax return can be a complicated process. It’s easy to make mistakes, such as miscalculating arithmetic, missing deductions, or choosing the wrong tax status. These mistakes often result in stress and financial problems. However, you can correct the mistake you made to avoid penalties and…

Many Americans think that because they work from home, they can deduct some of their rent and utility costs from their taxable income. But that's not always the case, USA Today explains. According to the Pew Research Center, among workers whose jobs can…

Filing season is already underway: The IRS is accepting returns from all taxpayers starting January 27. That's prompting many to turn to the agency's Where's my refund? app to track when they'll receive their 2024 tax refund. It's expected that…

The Internal Revenue Service (IRS) announced on Jan. 10 that it will begin accepting official tax returns for 2024 on Jan. 27. More than 15 million tax returns are expected to be filed by the April 140 filing deadline. The announcement comes amid a major revamp of…

Every year before filing tax returns, we think about whether to fill everything out ourselves using tax programs or hire a professional? Both options have their pros and cons, and the right decision depends on your tax situation. About the nuances of filing tax…

December isn't just about the Christmas tree and plans for next year. It's also about summing up your finances and preparing to file your taxes. The IRS announces inflation-related rates and deductions every year. We've collected the data to…

Kayak's Tax Refund Trip Calculator lets travelers enter their 2022 tax refund amount and turns it into a flight they can afford, according to TravelLeisure. With this calculator, the Kayak search engine helps you plan your tax refund and…

Most Americans know that charitable contributions, retirement contributions, student loans and mortgage interest are not taxable. What about your pets, swimming pool, private jet or cosmetic surgery? USAToday reported on the unusual deductions taxpayers have requested and received from the IRS.…