The IRS May Be Eyeing You For An Audit If You Have This Type Of Vehicle
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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Personal Items The IRS Can Take If You Don't Pay Your Taxes
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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Retirees Who Will Be Eligible For The Big Beautiful Bill's 'Senior Deduction'
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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The One Thing Social Security Got Wrong About The 'Big Beautiful Bill'
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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The Social Security Salary Cap Is Increasing In 2025. Here's How Much.
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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Homeowners Pay 2.06% Above Market Value To Live In This American City
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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You've Been Warned: Throwing These 5 Financial Documents Away Could Cost You
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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Retirement Accounts The IRS Can Garnish If You Don't Pay Your Taxes
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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Seniors Should Ask For This Tax Form To Make Filing Taxes Way Easier
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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The IRS Will Flag You If You If You Break This Bank Account Rule
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 IRS Might Flag You If Your Annual Income Is Higher Than This Number
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. Just Posted The Most Stunning Financial Number Of Trump's Presidency - Here's What It Means For Your Wallet
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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You've Been Warned: These Child Tax Credit Mistakes That Could Stop Your Refund
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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The New York Law That Could Start Costing Residents A Ton Of Money
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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The Tax Mistake That Could Get You Booted From The 'Upper Class'
Many wealthy individuals find themselves falling victim to poor tax planning, which can significantly reduce their net worth over time.
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States That Exempt Social Security Income: A Complete List
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 Tax Refund That Can Make Some People $8,000 Richer
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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Choosing The Wrong Tax Filing Status Could Cost You Money
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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The Assistance Payment You Don't Have To Pay Taxes On
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 Easy Mistake That Can Get Your Social Security Suspended
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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If Your Household Tax Refund Is Above This Number, You Beat The National Average
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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You've Been Warned: Hidden Fees Tax Services Don't Want You To Know About.
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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The Unexpected Behavior That Increases Your Audit Risk More Than A Tax Extension
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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4 Big Social Security Changes Retirees Should Expect In April 2025
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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Do This To Reduce Your Chances Of Getting Audited By The IRS
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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How Much Social Security Will You Get If You Make $75,000 A Year?
Only some 12% of American workers make more than $75,000 per year, making this a good level at which to analyze Social Security benefits.
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IRS Warns Retirees: The Tax Rule Social Security Recipients Can't Afford To Ignore
While filing taxes is never fun, it's important that retirees remember this specific rule when filing or they could face an even worse experience with the IRS.
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