Latest
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Save More with Tax Credits for Energy-Efficient Home Improvements
Tax Breaks Tax credits for energy-efficient home improvements are extended and expanded because of the Inflation Reduction Act.
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Etsy, eBay, PayPal Want IRS 1099-K Relief for Online Sellers
Companies like ebay, Etsy, and PayPal want Congress to raise the new $600 reporting threshold for IRS Form1099-K to give relief to millions of sellers who use their sites.
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Tax Scam: IRS Warns Taxpayers Against Filing False W-2 Info
Scams A new tax scam on social media advises lying on your W-2 to falsely claim credits and bigger refunds.
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Home Office Tax Deduction: Work-from-Home Write-Offs for 2022
Tax Breaks Being able to claim the home office tax deduction if you are working from home, depends on your employment status.
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IRS 1099-K Form: When You Might Get One From Venmo, PayPal, or Cash App
The IRS 1099-K new $600 reporting threshold involving payment networks like Venmo, PayPal, Amazon, and Cash App will likely apply for 2023.
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RMD Deadline Coming Soon for Some Seniors
The IRS is reminding some seniors and retirees of an important required minimum distribution (RMD) deadline that is just a couple of weeks away.
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What's the Standard Deduction for 2022 vs. 2023?
Tax Breaks Most Americans claim the standard deduction on their federal tax return instead of itemized deductions. How much can you claim on your federal income tax return?
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What Are the Income Tax Brackets for 2023 vs. 2022?
tax brackets Depending on your taxable income, you can end up in one of seven different federal income tax brackets.
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Biden Calls for Doubling of Capital Gains Tax Rate
President Biden wants to increase the capital gains tax rate and the Medicare tax rate to have wealthy people pay a “fairer” share of taxes.
