Students will soon be heading off to college or trade school. Higher education is expensive, but taxpayers who take post-high school coursework in 2024 (or who have dependents taking such courses) may qualify for...

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With hurricane and tropical storm season here, it’s a good time to review possible tax relief for victims. The IRS offers several types of tax relief for individuals and businesses affected by hurricanes or...

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If you requested an extension to file your tax return after the April 15, 2024, due date, the new deadline is coming up soon on Oct. 15. If you have the information you need,...

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If your summer chore list includes cleaning out the garage and closets, you might have items to donate to a local charity. That’s not only generous, it might lead to tax savings (if you...

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You may already know that fraudsters frequently send emails and text messages that purport to be from the IRS but are actually attempts to steal your personal information. You may also know that the...

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If you’ve hired household employees this year, you may need to account for them in your tax planning. For tax purposes, household employees are individuals who you pay more than $2,700 in 2024 in...

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Summer is a good time for some tax planning that could lower your 2024 tax bill. Since the passage of the Tax Cuts and Jobs Act, which increased the standard deduction, fewer people benefit...

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When it comes to running a successful small business, there are numerous tasks owners must perform. One important job is to maintain tax and financial records. Granted, this can be overlooked in the day-to-day...

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The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the “tax gap” between what taxpayers owe and what they actually pay. The tax agency has already launched...

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Summer isn’t tax season but it’s a season when some common activities have tax implications. If you get married, you should notify the IRS and Social Security Administration about any name or address changes....

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