Tax news and guidance for individual taxpayers — filing tips, deductions, refunds, and everything else that hits your personal return.
The Internal Revenue Service (IRS) has announced that tax relief is available – retroactively – for veterans who received disability severance pay after January 17, 1991, and included that amount as income on their taxes. Approximately 130,000 separated military members who received disability severance pay as income may be affected. Typically, Disability Severance Pay is…
Ask The Taxgirl. Today, I tackle whether it makes sense to treat your home as a rental to save on taxes following tax reform.
Whether you’re considering serving up slices, mowing lawns or ringing up groceries, here’s what kids – and their parents – should know about summer jobs and taxes.
The IRS has released an early release draft of the 2018 IRS Form 1040. Here’s a look, as well as a summary of how it’s like the current form – and how it’s different.
There may be tax consequences for repaying – or not repaying – what you owe. When it comes to paying back student loans, here’s what you need to know.
Thanks to recent tax law changes, tax breaks may be a less significant factor for homeowners. Here are eight home ownership-related changes in the tax law that may affect your tax bill.
Thinking about a side gig? You’re not alone. Here’s why it makes sense from a tax perspective.
As part of the Tax Cuts and Jobs Act, there have been changes to the deductibility of business-related meals and entertainment expenses. Here’s what you need to know.
Now that schedules are a bit more relaxed, summer can be a great time to catch up on your to-do list, including ways to save on your tax bill before year-end. Here are 10 tax moves to make now.
Did you itemize your deductions on a Schedule A last year? If so, the Internal Revenue Service (IRS) encourages you to do a quick checkup on your taxes to avoid any nasty surprises at year end.