The Deduction That Could Increase Your Risk Of An IRS Audit
Claiming this tax deduction is one of those notorious red flags that gets a second look from the IRS, so be sure you understand the rules before taking it.
Read MoreClaiming this tax deduction is one of those notorious red flags that gets a second look from the IRS, so be sure you understand the rules before taking it.
Read MoreWealthy individuals and households enjoy a slew of tax advantages and workarounds that those less fortunate can't take advantage off.
Read MoreMost taxpayers aim to avoid an IRS audit at all costs, but certain seemingly normal claims could end up triggering an audit despite your best intentions.
Read MoreThere are many factors that can increase you're likelihood of an IRS audit, particularly if you run a business or claim certain exemptions.
Read MoreKnowing when, and how, exactly, the IRS might contact you in the event of an issue can be the key to keeping your information safe from would-be scammers.
Read MoreTaxes can be an arduous process, especially if you're concerned about audits. For those in certain income brackets, this concern is especially warranted.
Read MoreSocial Security recipients may be required to go to the nearest Social Security office to make changes to their account, according to a proposed rule.
Read MoreIf 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.
Read MoreThe 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.
Read MoreWhile 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.
Read MoreFollowing the passage of Donald Trump's One Big Beautiful Bill, there is ample confusion surrounding taxes on Social Security benefits.
Read MoreFor higher wage earners, the 2025 Social Security salary cap increase could mean having more income counted towards your eventual retirement benefits.
Read MoreResidents 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.
Read MoreThere are some important financial documents that you should hold onto forever, not just in case of IRS audit but for insurance or other reasons.
Read MoreThe Internal Revenue Service has broad authority to garnish, levy, or lien your financial and personal assets if you owe back taxes.
Read MoreIf 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.
Read MoreWhile 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.
Read MoreThe odds of being audited by the IRS increase with your income level, with specific metrics used to determine the need for increased scrutiny.
Read MoreThe U.S. government posted a budget surplus in April, the first time this has happened since 2022, and it had an immediate effect.
Read MoreIf 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.
Read MoreWhen 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.
Read MoreMany wealthy individuals find themselves falling victim to poor tax planning, which can significantly reduce their net worth over time.
Read MoreWhen considering a place to call home during retirement, these states offer the budgeting advantage of not taxing your Social Security.
Read MoreThe 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.
Read MoreFiling 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.
Read MoreIf 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.
Read MoreThe 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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