When you sell your home, you may owe capital gains tax on the profit from the sale. The IRS calculates this by subtracting ...

The Form 1040 is an official document used by U.S. taxpayers to file their annual income tax returns. It includes sections ...

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 ...

Like with almost any dollar you earn in the United States, if you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business with ...

To take advantage of homeowner tax deductions, you'll need to itemize your deductions using Form 1040 Schedule A. Your decision to itemize will depend on whether your itemized deductions are ...

If you do itemize, you'll need IRS Form 1040 and attach Schedule A. Your filing status determines your filing requirements, the standard deduction you can claim and your eligibility for certain ...

You can file the form by mail or online using the Modernized e-File (MeF ... explains the tax deposit schedule for employment taxes. The deposit schedule for most employers is either monthly ...

Employers, businesses, and tax professionals can now e-file 1099, 1098, and 1095 forms with TaxBandits to meet the IRS e-filing deadline. Filing on time ensures compliance and helps avoid costly ...

You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or 1040-SR. The Tax Cuts and Jobs Act ... amount to a traditional (i.e., not Roth) retirement account ...