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Just keep in mind that banks are required to report any such payouts to the IRS, which means you’ll receive a 1099-INT form, and you'll have to file the bonus as income for the tax year in which you received it. This is just something to be mindful of, but be sure to...
The 1099-INT form is usually used by banks, brokerage firms, credit unions and sometimes even the companies handling your student loans. If you paid a vendor more than $10 in interest, you’ve got to send out a 1099-INT. Form 1099-G: If You Paid Someone $10 Or More For Natural Res...
Join CPA and TurboTax tax expert Lisa Greene-Lewis for a review of the essential tax dates you need to know to stay on track.
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Going through the process of divorce or separation is a trying time for any couple. Between dividing up property, legal proceedings and handling child custody, many people can forget the tax implications as well. You can avoid missteps with the IRS —esp
Where you send your child to school is often a personal choice. If you choose private K-12 schooling, some federal tax benefits can help to reduce your cost.
If you are in the process of adopting a child or even considering it, you should know that there is a federal tax credit that can save you money on your taxes. Some of the adoption expenses that qualify for the credit include court and attorney fees, tra
Or, get unlimited help and advice from tax experts while you do your taxes with TurboTax Live Assisted. And if you want to file your own taxes, TurboTax will guide you step by step so you can feel confident they'll be done right. No matter which way you file, we guarantee 100% ...
Generally, any form of military pay earned while on deployment in a combat zone is excluded from federal income tax. This translates to a significant tax savings for the active service member in combat and his family back home.