Some parents now have an April 15 deadline to score the money before it is sent back to the Treasury for good.
Here’s how to claim the child tax credit. Parents and guardians who make less than $200,000 a year ($400,000 if filing ...
Indeed, thousands of tax return preparers systematically subvert the tax return filing process, rob the Treasury of revenue and undermine taxpayers’ faith in the system.
The Department of Government Efficiency (DOGE) ended the lease of an IRS office in Visalia. President Trump tasked Elon Musk with cutting government spending through DOGE. DOGE has terminated ...
An IRS Form 1095 will give you proof of health insurance for your taxes. No, you no longer need to prove you have health insurance on your federal tax returns. This change happened in 2019 when ...
WASHINGTON (AP) — The IRS is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the situation.
An update to the Department of Government Efficiency (DOGE) website Monday revealed which agencies are being impacted by lease cancellations in the state of Michigan. Over the weekend, DOGE added ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.
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 ...
They can even issue orders to basically say, "Hey, IRS, you need to help out a taxpayer." Generally, you fill out a straightforward form to describe what your issue is and what you want them to do ...
Federal EV tax credits in 2024 top out at $7,500 if you're buying a new car and $4,000 if you're buying a used car, while the bank or the automaker's finance company can take a $7,500 tax credit ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.