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IRS update gives tax filing boost to millions
Newsweek· 3 days agoThe Internal Revenue Service (IRS) has announced it will extend and expand its Direct File option for the 2025 tax filing season. The IRS launched its...
IRS Can Deny Charitable Tax Deductions When You Get Something Back
Forbes· 16 hours agoDonations to charity are supposed to be motivated by generosity, not to benefit in a business deal in which you get something in return. How does the IRS determine if a purported ...
My Tax Bill Is Huge Because My Investment Accounts Don't Withhold Capital Gains. How Can I Mitigate...
SmartAsset via Yahoo Finance· 2 hours agoMy investment accounts don't withhold taxes from my capital gains, which is causing me to owe large...
IRS is keeping free tax filing program it tested this year and wants more states on board
OregonLive.com· 3 days agoThe IRS said Thursday it will make permanent the free electronic tax return filing system that it...
Wash-sale rule: What is it, examples, and penalties
TheStreet via Yahoo Finance· 9 hours agoSo, you must follow the wash sale rule if you plan to use the tax-loss harvesting strategy. Otherwise, you’ll lose the ability to offset or deduct your...
4 Things You Need To Know Before Paying Your Tax Bill
GOBankingRates via Yahoo Finance· 3 days agoMany Americans dread doing their taxes -- especially if they know they will end up owing the IRS....
Form 7206: New self-employed health insurance deduction
TheStreet.com· 4 days agoForm 7206 is the newly-introduced IRS form that self-employed taxpayers use to figure their deduction for health insurance costs. < ...
IRS Will Expand Free Tax Filing Program to All 50 States: What You Need to Know
CNET· 4 days agoTax season 2024 ended on April 15 (unless you filed an extension or live in these states with later...
Studies question hospital operations on tax breaks, service to poor and underinsured
Worcester Telegram & Gazette via Yahoo News· 12 hours agoThe assessment is legally required every three years. How about a PILOT? Payment in lieu of taxes is...
Some Americans poised to get $20,000 tax cut
Newsweek· 4 days agoHawaii residents could have thousands of dollars shaved off their tax bill over several years if their governor signs wide-ranging tax reform legislation...
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