One of the three common forms you can use to file your federal income tax return is IRS Form 1040A.
If you have children and a low tax bill, you may need IRS Form 8812 to claim all of your Child Tax Credit.
If you file your tax return but don't pay what you owe, you’ll likely receive a letter from the IRS detailing how much you owe and asking you to pay. Sponsored Bank Accounts “One of the immediate consequences of not paying your taxes on time is the accumulation of interest ...
What is debt settlement — and is it a good way to deal with debt? Debt settlement can solve your problem, but at the possible cost of your credit score. Updated Tue, Jan 7 2025 9:47 AM EST Ana Staples How debt settlement works ...
How to Navigate the IRS Wash Sale Rule If you're considering tax-loss harvesting, you'll want to avoid running afoul of the wash sale rule. Marguerita ChengDec. 19, 2024 Tax Breaks for Investors With Advisors Financial advisor fees are not tax-deductible now, but there are still tax benef...
What Is a Reverse Mortgage, and Is It Right for You?A reverse mortgage lets seniors access home equity without monthly payments. Learn how it works, its risks and its potential benefits. AboutNathan Paulus Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of...
Where the IRS stands on the ERC in 2023 The IRS is not currently processing ERCs through at least the end of 2023. The pause serves a dual purpose for the IRS: It helps IRS identify a substantial number of fraudulent claims associated with the credit and helps manage the3.6 mill...
Here's what you need to know about the federal tax incentives for electric vehicles and an overview of which cars may qualify for the new credit according to the IRS. What is the EV tax credit? The EV tax credit is a nonrefundable tax credit offered to taxpayers who purchase qualifying ...
However, earning cash back from spending is not taxable. The IRS considers cash back to be a “rebate” for your spending. On a related note, any cash back that isn’t earned from spending is usually taxable. For example, if you refer a friend to a credit card and earn a referral ...
Eligibility for anFHA loandepends in part on your ability to post a down payment of 3.5% of the purchase price and have acredit scoreof at least 580. You must also make sure the home is priced within the loan limit for an FHA home in its location.45 ...