The Form 1040 is an official document used by U.S. taxpayers to file their annual income tax returns. It includes sections for reporting income and deductions, which help calculate the tax owed or the ...

The Child Tax Credit offers up to $2,000 per qualifying child for the 2024 tax year, with $1,700 potentially refundable to ...

The deadline to file 2024 crypto taxes is April 15, 2025, unless individuals request an official extension. Not all crypto actions create a tax event; ...

The average tax refund is $3,170 for federal returns processed through March 28, according to the IRS. What to know if you ...

Schedule D (Form 1040): Summarizes total capital gains and losses from ... while exchanges take on a larger role in tax documentation. For the 2024 tax year — due by April 15, 2025 — this form isn’t ...

Filing your federal tax return to the Internal Revenue Service (IRS) starts with having the right forms in hand. Whether you choose to e-file or submit a paper return, being well-prepared is essential ...

Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your ...

In light of the approaching April 15 tax filing deadline, this week’s update highlights recent developments in U.S. federal tax policy that may ...

On April 1, Globe reporters Erica Alini, Salmaan Farooqui and Rudy Mezzetta answered reader questions about filing for the ...

A 1099-K form is issued by credit card companies and third-party settlement organizations (TPSOs) — think payment apps and online marketplaces (like Etsy and eBay) — and are reported to the IRS each ...

You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

For vehicles placed in service April 18, 2023, and after, for example, you'd receive ... 2024 tax returns, it's apparent that mistakes can be made when it comes to claiming the credit on Form ...