How to avoid the ‘survivor’s penalty’ before a spouse passes
Jessie Casson | Digitalvision | Getty Images It’s hard to lose a spouse, and a costly surprise makes it even more difficult, especially for older women — higher taxes. But …
Tax planning
Here’s how to calculate crypto taxes amid the latest bitcoin rally
Whether you’re a longtime crypto investor or recently purchased digital assets, here are some key things to know from crypto tax experts. How to answer Form 1040 ‘digital assets’ question …
Here are 3 key things to know before filing your 2023 tax return
The federal tax deadline is officially one month away for most filers — and experts say there are some key things to know this season. As of March 1, the …
Here’s what Trump’s proposed tariffs could mean for your wallet
This combination of pictures created on February 17, 2024, shows U.S. President Joe Biden waving from the South Lawn of the White House in Washington, D.C., on June 1, 2023, …
Tax pros brace for ‘tidal wave’ of crypto tax scrutiny from IRS
Shannonstent | E+ | Getty Images As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency. Digital assets are one of the agency’s …
House lawmakers weigh relief for SALT ‘marriage penalty’
Violetastoimenova | E+ | Getty Images House lawmakers are weighing relief for a “marriage penalty” that impacts the federal deduction limit on state and local taxes, known as SALT. While …
Here are some of the top red flags for an IRS audit, tax pros say
Image Source | Image Source | Getty Images As Americans file returns this season, some worry about IRS audits amid agency efforts to ramp up service, technology and enforcement. Recent …
Here’s how to qualify for the earned income tax credit this season
Laylabird | E+ | Getty Images Tens of millions of Americans file tax returns every year — and many are missing a “valuable credit,” according to the IRS. In 2022, …
Child tax credit expansion could benefit millions of families
J_art | Moment | Getty Images House lawmakers on Wednesday night passed a $78 billion bipartisan tax package, including a child tax credit expansion that could benefit millions of children …
Here’s how to get a faster tax refund, expert says
D3sign | Moment | Getty Images Tax season has kicked off and the IRS has started to process 2023 returns. If you’re expecting a refund, there are a few ways …