Taxes can be an arduous process, especially if you're concerned about audits. For those in certain income brackets, this concern is especially warranted.
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Social Security recipients may be required to go to the nearest Social Security office to make changes to their account, according to a proposed rule.
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If you bring a work vehicle home at night, it's important to the IRS to make sure personal miles are logged separately from business miles.
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The IRS can levy some personal belongings in the event that you have unpaid taxes, but it will always provide ample notice and time to settle up.
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While there is a lot to understand about Trump's One Big Beautiful Bill Act, some seniors could be in for a tax break thanks to the bill's senior deduction.
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Following the passage of Donald Trump's One Big Beautiful Bill, there is ample confusion surrounding taxes on Social Security benefits.
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For higher wage earners, the 2025 Social Security salary cap increase could mean having more income counted towards your eventual retirement benefits.
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Residents of this Illionois city pay more in property tax than most residents around the country for a variety of factors, but it's not all bad news.
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There are some important financial documents that you should hold onto forever, not just in case of IRS audit but for insurance or other reasons.
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The Internal Revenue Service has broad authority to garnish, levy, or lien your financial and personal assets if you owe back taxes.
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If you prefer using a pen and paper to file your taxes every year, you might want to consider using a special tax form that is catered to seniors.
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While there can be a lot to know about IRS requirements, foreign accounts and assets can present their own unique rules you'll want to make sure to follow.
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The odds of being audited by the IRS increase with your income level, with specific metrics used to determine the need for increased scrutiny.
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The U.S. government posted a budget surplus in April, the first time this has happened since 2022, and it had an immediate effect.
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If you fail to follow the correct procedure when claiming the Child Tax Credit, your tax return could be rejected or worse, it could trigger an audit.
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When New York State implemented a law that an important produce must be produced within the United States, the burden of paying for it went to taxpayers.
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Many wealthy individuals find themselves falling victim to poor tax planning, which can significantly reduce their net worth over time.
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When considering a place to call home during retirement, these states offer the budgeting advantage of not taxing your Social Security.
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The IRS estimates that one in five eligible taxpayers don't apply this important tax credit to their filing every year, resulting in the loss of thousands.
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Filing your taxes can be stressful enough as it is, but mixing up your filing status can lead to an even bigger headache not to mention a delay in your return.
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If you are a recipient of this relief from the federal government, there is a good chance you won't have to pay taxes on that money.
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The primary way to ensure the smoothest Social Security experience is to keep your information current at all times, especially after big changes.
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While you might be excited about the idea of getting a big tax refund this year, it's important to realize that a refund isn't necessarily a good thing.
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Tax preparation services can add stress to your tax filing process. This is especially true when it comes to the many hidden fees these services might include.
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While there are a lot of different myths and ideas about what can lead to an IRS audit, one simple decision can actually be the best way to avoid the risk.
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The Social Security Administration will enact a series of changes in April 2025 to make the process of receiving payments more streamlined and modern.
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While taxes are not exactly fun, they pale in comparison to how stress-inducing an IRS audit can be. With that in mind, here are some ways to avoid trouble.
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