A 1099-K form is sent to self-employed people who use third-party payment apps. Its threshold has been lowered from $20,000 ...
Starting with the 2025 tax year, Form 1099-DAs will replace 1099-Bs for reporting crypto trades. For this current tax season, you will not see any 1099-DAs. Keep this change in mind as it may affect ...
A tax refund is money returned to you by the US Treasury if you overpaid your state or federal taxes during the previous year ...
Let’s assume that a house destroyed by the fires had a $1-million market value and a $600,000 taxable value this year.
The maximum tax credit per qualifying child is $2,000 for children under 17. For the refundable portion of the credit (or the ...
The best ways to use your tax refund include building an emergency fund, paying off high-interest debt, and saving for ...
These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds ...
The IRS announced the date tax season will begin, along with key changes taxypayers will see this year. Here's what you ...
Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...
Here is what you should know about the child tax credit for this year's tax season and whether you qualify for it.
Tax season is nearly here and there are some changes you might want to know about. Here's what Californians should know.