For many people, 2024 has been a challenging year for financial and tax planning. Here's everything you need to know to complete your taxes accurately and efficiently this year.
In other words, my ramblings on the ol' tax blog are free advice, and you know what they say about getting what you pay for. That's why when it is time for you to file your own taxes, I urge you to get additional, professional, paid-for guidance from an accountant, Enrolled Agent...
The final step, of course, is to include Form 2441 with your 1040 when filing your taxes for the year. With TurboTax Live Full Service, a local expert matched to your unique situation will do your taxes for you start to finish. Or, get unlimited help and advice from tax experts while...
When it comes to filing taxes late, there are eight key questions many people have. Below, we'll give you the answers to those questions, along with some helpful tips for avoiding the problems that can arise if you get yourself in a bind with your tax-return preparation. Image source: G...
When is the 2024 tax filing season? The IRS started accepting tax returns onJanuary 29, and will continue to accept federal tax returns through April 15. Taxpayers in Maine and Massachusetts have until April 17 to file their taxes because of state holidays. People living infederally declared di...
Filing taxes is plenty stressful, especially for those filers with complex tax filing needs. Let our guide help you to understand the tax filing process to make this trying time easier.
5 THINGS TO KNOW ABOUT YOUR 2023 TAXES Cruze reminded taxpayers that even though a tax return may feel like receiving free money — it’s actually not. "It’s like you giving Uncle Sam a loan interest free, and it’s sitting there where it could’ve been in your paycheck, helping you...
Tax forms 1040 and 1040-SR are nearly identical. The main advantage of using Form 1040-SR is that it has a larger type, making it easier to read if you're doing your taxes by hand. It also emphasizes some specific tax benefits for those over age 65, although these benefits are also ...
receipts and information for your tips — you’re going to have to comb through all your finances with the IRS. Second, you’ll obviously have to pay the taxes you owe on your tips. And third, you’re subject to a penalty equal to half the cost of the Social Security, Medicare and ...
Receiving a tax refund is a key aspect of the income tax return process that many look forward to. This portion of your return comes into play if the taxes you’ve paid throughout the year exceed what you owe to the government. A tax refund means the government is returning the excess ...