Nowadays, some people believe that governments should invest taxpayers' money in healthcare, while others believe that money should be used in other areas. Discuss both points of views and give your opinion. Give reasons for your answer and include any relevant examples from your own knowledge or...
Many taxpayers fail to file a return even when required to do so. Your obligation to file these returns never goes away, but catching up may be easier than you think.
The Taxpayer Advocate Service describes itself as "your voice" inside the IRS. The service isn't a complaint department or an all-purpose help desk. Rather, it's designed to be a "safety net"—a team of specialists who can step in when taxpayers are expe
Calculation.Conscientious recordkeeping helps, but calculating your capital gains can be complex and time-consuming. Many crypto investors and traders use software built into an exchange’s platform. That’s handy if you use one platform, but harder to track if you have more than one crypto acco...
Married taxpayers filing separate returns can’t contribute to a Roth IRA when MAGI is $10,000 or higher. In another Money Girl episode, 768, Laura covers three legit ways to have a Roth IRA–even if you’re technically ineligible because you earn too much–and why their tax-free benefits...
While that may sound like Congress and the IRS are showing sympathy for taxpayers, it's actually part of an automatic tax-bracket adjustment relative to inflation. In addition to the adjustment, the standard deductions for filers will rise next year. For single taxpayers, the 2022 deduction ...
Direct Fileis a free IRS program for filing a federal tax return online. For tax year 2024, Direct File is open to eligible taxpayers in Alaska, Arizona, California, Connecticut, Florida, Idaho, Illinois, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico,...
Self-employed taxpayers likely need to pay quarterly tax payments and meet key IRS deadlines. Here’s a closer look at how quarterly taxes work and what you need to know when filing your tax returns.
The actual question we debate is who should pay for people to go to college.If taxpayers are to bear the cost of forgiving student loans,shouldn't they have a say in how their money is used? At least taxpayers should be able to decide what students will study on the...
Fewer than half of e-filed tax returns are self-prepared; paid tax preparers complete the rest.1Of course, many taxpayers who complete their own returns do so with the help of tax software, such as Intuit TurboTax, TaxSlayer, and H&R Block Online. ...