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...

Read more

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...

Read more

The April 15 tax filing deadline is around the corner. Need extra time? Not a problem. Filing for a six-month extension (until Oct. 15) is an easy option. Bear in mind that filing for...

Read more

Do you file tax returns using an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number (SSN)? If so, be sure it’s up to date before filing. In general, ITINs are used...

Read more

Eligible individuals with disabilities and their family members can use Achieving a Better Life Experience (ABLE) accounts to pay for qualified expenses. These are savings accounts that don’t affect eligibility for government assistance programs....

Read more

Determining the correct tax filing status isn’t always straightforward. That’s especially true if the parents of a young child live together and aren’t married. Can both parents claim the more favorable head of household...

Read more

If you have assets that include foreign bank or financial accounts, you may be required to file a Report of Foreign Bank and Financial Accounts (FBAR) by April 15. Specifically, those who must file...

Read more

With the tax due date of April 15 just around the corner, taxpayers who owe taxes may be feeling a pinch. The IRS offers several ways to pay, including by check, electronic funds transfer...

Read more

Are you filing your 2024 income tax return electronically? If not, why not? Filing and paying tax online is quick and safe. Recent federal government turmoil, including IRS layoffs, may lead to slower tax...

Read more

Did you or someone you know miss filing a 2021 tax return? If so, and if you were expecting a refund, time’s running out. The deadline to file and claim a 2021 tax year...

Read more