Tax Planning

All taxpayers should keep detailed records of their tax filings to avoid the headaches associated with audits from the Internal Revenue Service.

Millions of taxpayers across the United States must pay various taxes to the state, local, and federal governments every year, which help fund public works.

Small businesses and self-employed contractors must pay taxes based on different factors, including their business structure and location.

The history of income tax in the United States dates back to the Civil War and is one of the most important avenues of revenue for the federal government.

For millions of Americans across the country, state income tax can be an additional burden to deal with during the height of the tax season.

Over a hundred million taxpayers across the United States must file their individual income tax returns by the April 15 deadline on Tax Day.

If you're trying to receive the most money from your tax returns this year, the Marks Group president and CPA Gene Marks gives best filing tips for individuals and businesses.

Ramsey Solutions personal finance expert Rachel Cruze joined 'Fox & Friends" on Monday, March 7, to share advice on getting the most out of your tax return.

New rules requiring Venmo, PayPal and cash app to send 1099-Ks for transactions over $600 kick in next year, but Americans still must report side-hustles to the IRS.

The IRS received nearly $80 billion in funding under the Inflation Reduction Act and said it has already hired more than 5,000 new telephone assistors and added more in-person staff to help taxpayers with filing this year.

Many self-employed workers, especially the younger generation lose out on cost savings through missed tax deductions. Here's what gig workers should have their eye on to help save money on taxes or increase their tax return.

Many Americans said an advance on their tax refund would help with holiday debt, according to a recent Jackson Hewitt Tax Service survey.

Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit. Filers will get $1,600 less in credit for 2022 for each qualifying child under age 17.

Starting in 2024, Americans can make tax-free rollovers of eligible 529 plan funds to a Roth IRA in the same beneficiary’s name. Here's what that means for you.

There are a number of notable changes taxpayers should be aware of in the 2023 tax year as the IRS updates brackets, caps, and thresholds to account for inflation.

Automakers are reminding customers that they can enter binding purchase agreements for electric vehicles that will lock in the current tax credit before the IRA goes into force.