If you receive Medicaid waiver payments for caring for a relative or another individual, special tax rules may apply. Learn how these payments are treated for federal tax purposes and what it could mean for your return.
Gig workers may see several tax changes for 2025, including updated 1099-K reporting rules and new deduction opportunities. Learn what to report and how to maximize available tax benefits.
The annual withdrawal limit for 529 plans has increased to $20,000 per beneficiary, and more expenses now qualify. Learn how these changes can enhance tax-free education savings opportunities.
The IRS has introduced a new Schedule 1-A to help taxpayers claim several deductions created by the One Big Beautiful Bill Act. If you haven’t filed your 2025 return yet, you may be able to deduct tips, overtime, car loan interest and claim an enhanced deduction for seniors.
Even though the calendar has turned to 2026, there may still be opportunities to reduce your 2025 tax bill. This article outlines strategies taxpayers should consider before filing to potentially lower their tax liability.
The Earned Income Tax Credit can provide a valuable tax benefit for eligible individuals and families. This article explains who may qualify for the EITC, how income and filing status affect eligibility, and what taxpayers should know before filing.
The IRS and the Security Summit are warning taxpayers that, as tax filing season begins, identity thieves are poised to scam people into sharing personal information to file false tax returns and steal refunds.
When should employees expect to receive their 2025 Form W-2? Most years, employers must either directly provide or mail W-2s by Jan. 31, but this year will be a little different.
