If a credit card company or mortgage lender cancels your debt, it could result in taxable income that you must report to the IRS. Your lender will mail you Form 1099-C with the amount...

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What can you do if your tax refund is stolen? According to the IRS National Taxpayer Advocate (NTA), this happens to tens of thousands of taxpayers each year. The NTA offers steps to take...

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The tax filing deadline has passed, and you’d probably like to put taxes out of your mind. That’s understandable. However, it’s worth your while to ensure that your 2025 withholding amount is correct. Did...

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Two education credits may help you reduce your income tax bill. The American Opportunity Tax Credit is worth as much as $2,500 per student for up to four tax years. If the credit brings...

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Not everyone is legally required to file a tax return, so it may be tempting to skip it. But if you had federal income tax withheld, made estimated payments or qualify for a refundable...

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If taxpayers are unable to pay their tax bills in full by April 15, there are IRS payment plan options available. The tax agency urges those who can’t pay the full amount to file...

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If you have a dependent who doesn’t meet the criteria for the Child Tax Credit, you may qualify for the Credit for Other Dependents. The $500 nonrefundable credit can be claimed for eligible dependents...

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Are changes ahead for the student loan interest tax deduction? It’s possible. members of Congress are currently considering ending this deduction as a way to help offset the cost of extending many provisions in...

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You should have received a Form W-2 from your employer by Jan. 31, 2025. This form is used to file your federal income tax return. What if you didn’t receive it or you’ve requested...

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