2025 tax season starts Jan. 27. Here’s how to file for free

2025 tax season starts Jan. 27. Here’s how to file for free

Pra-chid | Istock | Getty Images Expanded free filing options for 2025 For the 2025 season, Direct File, the IRS’ free tax filing program, will be open to eligible taxpayers in 25 states. That’s... Read more »
Why your paycheck is slightly bigger

Why your paycheck is slightly bigger

Simpleimages | Moment | Getty Images Why your take-home pay could be higher If you’re starting 2025 with wages similar to your 2024 wages, your take-home pay — or compensation after taxes... Read more »
What to do if you can’t pay taxes on Oct. 15 tax extension deadline

What to do if you can’t pay taxes on Oct. 15 tax extension deadline

Urbazon | E+ | Getty Images The tax extension deadline has arrived and there are options if you still can’t pay your balance, tax experts say. About 19 million U.S. taxpayers filed... Read more »
Here are 3 key things to know before filing your 2023 tax return

Here are 3 key things to know before filing your 2023 tax return

The federal tax deadline is officially one month away for most filers — and experts say there are some key things to know this season. As of March 1, the IRS received... Read more »
House lawmakers weigh relief for SALT ‘marriage penalty’

House lawmakers weigh relief for SALT ‘marriage penalty’

Violetastoimenova | E+ | Getty Images House lawmakers are weighing relief for a “marriage penalty” that impacts the federal deduction limit on state and local taxes, known as SALT. While the bill... Read more »
Here are some of the top red flags for an IRS audit, tax pros say

Here are some of the top red flags for an IRS audit, tax pros say

Image Source | Image Source | Getty Images As Americans file returns this season, some worry about IRS audits amid agency efforts to ramp up service, technology and enforcement. Recent IRS enforcement... Read more »
The average tax refund is almost 29% lower this tax season, IRS reports

The average tax refund is almost 29% lower this tax season, IRS reports

Artistgndphotography | E+ | Getty Images With tax season in full swing, the IRS has issued more than 2.6 million refunds worth about $3.65 billion, as of Feb. 2, the agency reported... Read more »
How to know if you’re withholding enough taxes from your paycheck

How to know if you’re withholding enough taxes from your paycheck

Witthaya Prasongsin | Moment | Getty Images If your tax refund or bill is bigger than expected, it could be time to adjust your paycheck withholding — and a simple calculation could... Read more »
Here’s who qualifies for the home office deduction for 2023 taxes

Here’s who qualifies for the home office deduction for 2023 taxes

Justin Paget | Digitalvision | Getty Images If you were fully remote or a hybrid worker in 2023, you may be curious about the home office deduction for your tax return. While... Read more »
How to file your taxes for free this season

How to file your taxes for free this season

Filing taxes is more expensive this year as the industry raises prices to combat a growing accountant shortage. The cost of tax preparation and accounting fees grew 8.3% in November 2023 compared... Read more »
Here’s how to qualify for the earned income tax credit this season

Here’s how to qualify for the earned income tax credit this season

Laylabird | E+ | Getty Images Tens of millions of Americans file tax returns every year — and many are missing a “valuable credit,” according to the IRS. In 2022, roughly 23... Read more »
Child tax credit expansion could benefit millions of families

Child tax credit expansion could benefit millions of families

J_art | Moment | Getty Images House lawmakers on Wednesday night passed a $78 billion bipartisan tax package, including a child tax credit expansion that could benefit millions of children in low-income... Read more »
Improving earned income tax credit is a ‘no brainer’

Improving earned income tax credit is a ‘no brainer’

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the UK Global Investment Summit at Hampton Court Palace in London, UK, on Monday, Nov. 27, 2023.  Chris Ratcliffe | Bloomberg... Read more »
Here’s what to know about the free IRS Direct File tax filing program

Here’s what to know about the free IRS Direct File tax filing program

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters As the tax season kicks off next week, Americans have several free filing... Read more »
FTC bans ‘deceptive advertising’ for free filing from TurboTax

FTC bans ‘deceptive advertising’ for free filing from TurboTax

Sopa Images | Lightrocket | Getty Images “Absolutely no one should be surprised that FTC Commissioners — employees of the FTC — ruled in favor of the FTC as they have done... Read more »
The fourth quarter estimated tax deadline is Jan. 16

The fourth quarter estimated tax deadline is Jan. 16

Westend61 | Westend61 | Getty Images The fourth-quarter estimated tax deadline is Jan. 16, and you could have a surprise bill or owe a penalty if you don’t send a payment, according... Read more »