For many people, just the thought of filing taxes gets their hearts racing. Taxpayers often worry about making unintentional mistakes, missing out on deductions, owing money or facing audits later ...

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

As 2025 tax deadlines approach, Lowcountry residents are getting their paperwork in order to file their personal and business taxes for the year.Doug Snyder, a ...

The Earned Income Tax Credit (EITC) offers financial relief to low and moderate-income workers by reducing federal taxes or ...

The Internal Revenue Service announced today that over 1.1 million people across the nation have unclaimed refunds for tax year 2021 but face an April 15 deadline to submit their tax returns. The IRS ...

In our new Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on reporting income and tax ...

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

The IRS is set to impose penalties on taxpayers who have failed to adhere to a crucial rule in their recent tax filings. This ...

Key Takeaways - What Is a 1040 Tax Form and How Does It Work? 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 ...

Choosing a tax status can be harder than it looks, especially if you’re new to taxes or if you’ve had a recent life change, such as a divorce.

If you're one of the many taxpayers who never claimed their 2021 refund, you don't have much time left to act. By law, the ...

April 15 is the drop-dead date for filing a 2021 federal income tax return, if you haven't done so. The IRS says many are ...