Are you expecting a refund this year? Here are important items the IRS wants you to know about your refund. ● Refund options. You have three options for receiving your federal income-tax refund: …

Mistakes on tax returns mean they take longer to process, which in turn, may cause your refund to arrive later. The IRS cautions against these common errors so your refund is timely: 1. Incorrect and …

Before you file your 2022 tax return, you should make sure you have all the needed documents including all your Form W-2s. You should receive a Form W-2, Wage and Tax Statement, from each of your …

Generally, you must decide whether to itemize or to use the standard deduction on your income tax return. You should itemize if your allowable itemized deductions are greater than your standard …

As most individuals and tax professionals know by now, the standard deduction almost doubled under the Tax Cuts and Jobs Act for the single, married filing jointly, married filing separately, head of …

The first step to filing your Federal income-tax return is to determine which filing status to use. In other words, two people making exactly the same amount of income could have different income-tax …

Electronic filing is the safest, fastest and easiest way for taxpayers to file their tax returns, according to the IRS. Furthermore, e-filing is good for the tax system, good for taxpayers and good …

If you pay someone to prepare your tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone …

The “Inflation Reduction Act” (IRA) has expanded and extended new energy credits which will save tax dollars for most Americans. Also, the $500 lifetime cap for energy will be replaced with a …

With the New Year come new tax laws. One new tax law, called the "Inflation Reduction Act" (IRA), makes the largest investment in combating climate change in U.S. history, lowers the cost of …