Thomas is a native of upstate New York and a graduate of the University at Albany. As a member of CNET's How To team, he writes about the intersection of policy, information and technology, and ...

Having a professional handle your return is typically done to help you avoid mistakes, but they can still happen and you should be ready for what happens in that scenario. Thomas is a native of ...

These taxes catch some seniors off guard and cost thousands of dollars per year. But there is something you can do to avoid a surprise tax bill in the future. First things first: It's important to ...

This penalty is typically 5 percent of the unpaid taxes for each month (or part of a month) that the return is late, up to a maximum of 25 percent. If your return is over 60 days late, the minimum ...

Commissions do not affect our editors' opinions or evaluations. Right next to death, taxes act as the great equalizer. When it comes to filing a tax return and paying your tax liabilities each ...

Languages: English. President Donald Trump has renewed his call for tax cuts, including eliminating taxes on overtime pay and tips. Speaking to Congress, he urged lawmakers to support what he ...

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 ...

New taxes, called tariffs, on goods coming into the United States from Canada, Mexico and China have come into effect. This means that it will be more expensive for people from those countries to ...

Itemized deductions include amounts you paid for state and local income or sales taxes, real property taxes, personal property taxes, mortgage interest, disaster losses, gifts to charities ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Our Editors’ Choice winners for tax software help you get through the filing season as painlessly as possible. Here's how they stack up on cost, support, tax coverage, usability, and more. I wri ...

You may have dreaded tax season for months: your first one ever. What do you need? How do you do your taxes? Where do you begin? Everyone feels this way about the tax preparation process at one ...