How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

The 2025 tax season is officially underway, with the IRS accepting 2024 tax returns as of January 18. If you're wondering ...

IRS processed 15.8% fewer income tax returns in the first week of the 2025 tax season than it did a year ago. Why? What does that mean for refunds?

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

Eligible Kentuckians can potentially save money in 2025 this tax season by submitting their documents through the IRS' Free File program.

If you are selling items online as a small business owner, you may end up having to pay taxes on the amount you earn. But ...

Attach Supporting Schedules Make sure all appropriate schedules and worksheets are attached to the return (i.e. K-1s, 8863-K, Schedule ITC, federal tax forms, etc.) Credit for Tax Paid to ...

The 2024 mileage rate for use of your vehicle to do volunteer work for certain charitable organizations is 14 cents a mile.

The Internal Revenue Service is accepting tax returns for tax season 2025, including through the expanded Direct File program ...

Most taxpayers receive refunds and money has already started being issued. There are ways to find out information about the ...

You may continue to purchase up to $10,000 of series I bonds in a calendar year ... in 2010 to give tax filers the ability to buy paper I-bonds using their tax refunds. However, on average ...