The 1040 tax form is the form taxpayers use for filing federal taxes. It’s also a form that plenty of people have trouble filling out or understanding. In fact, back in 2018, Form 1040 received ...

Form 1040-SR is relatively new. "It's available for use for those 65 or older, with an increased font size, but those with more complicated tax situations will have to use the regular Form 1040," ...

IRS Announces These Changes For 2025 Filing Season As the 2025 tax filing season progresses, the Internal Revenue Service (IRS) has outlined key updates taxpayers need to know when preparing their ...

The American sports betting industry posted a record $13.71 billion in revenue in 2024, which continues a steady increase ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

The third round of stimulus checks—part of the American Rescue Plan passed in March 2021—provided up to $1,400 per eligible adult, plus $1,400 for each dependent. Most people received the payment ...

What Is Form 5329: Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts? Form 5329 is an attachment to the federal income tax return that must be filed by taxpayers ...

More than 1 million people nationwide could be owed refunds for the 2021 tax year, but they could lose out if they don't ...

If you're a high-income earner, you may be subject to the Additional Medicare Tax, a 0.9% tax on earnings that exceed specific thresholds based on your tax filing status. This tax ...