Tax Forms

There are several changes for tax year (TY) 2022 that may impact any refund you receive in 2023. Along with changes in the number of dependents, employment/self-employment income, divorce, and other life factors, the IRS has outlined other items taxpayers should be aware of when filing their tax returns. There were no additional stimulus payments […]

If you recently had or adopted your first child, chances are taxes aren’t top of mind. But even if you’re sleep deprived and haven’t left your home in months, you still have to do your taxes. Of course, with a new child, your tax return will be a bit more complicated than just a return

Tax season is now open and the IRS is accepting 2022 tax returns. If you’ve received all your necessary documents like your W-2 form and 1099-K, you can use our picks for the best tax software to file your taxes today. You might want to temper your expectations for a big tax refund, however. Robert

For the earned-income tax credit, available to low- and moderate-income workers, a qualifying taxpayer with no children who received about $1,500 in 2021 would now receive $560, according to the I.R.S. And the child and dependent care credit, available to those who need care for family members while they work, returned to a maximum of

A northern hardwood forest. Each year, the Forest Service and its partners release the publication Tax Tips for Forest Landowners. The educational resource is an overview with examples to help landowners understand the tax classifications and provisions when reporting income from timber sales. (USDA Forest Service photo by Maria Janowiak) Tax implications for forest landowners

If you’re still nursing a financial hangover from the 2022 holiday season, it’s time to get back in the driver’s seat because tax season starts next week.  According to the IRS, January 23 marks the beginning of the 2023 tax season and the first day that the agency will begin accepting and processing 2022 tax

More than 90% of Americans had one or more side hustles in 2022 in order to help make ends meet, as GOBankingRates previously reported. That figure also translates into millions of gig workers that will now need to take new steps when filing their 2022 taxes. See: 7 Steps To Take Now To Make Tax

Tax tips for gig economy entrepreneurs and workers Published 7:49 am Thursday, January 12, 2023 In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig. The

With January comes a new tax year for most people. But it’s not too late to max out your retirement savings accounts for 2022, if you haven’t already. While the Dec. 31, 2022 deadline for 401(k) contributions has passed, you can still put money into either traditional or Roth individual retirement accounts (IRAs), up until the

Homeownership comes with a lot of financial responsibility and a never-ending list of home improvement projects. But for anyone who pays a mortgage, the good news is that you can deduct several home expenses come tax time — especially if you itemize your taxes — or enjoy other tax breaks as a homeowner. Here are