What’s That Presidential Election Campaign Fund Checkbox On Your Tax Return?
Checking the Presidential Election Campaign Fund box won’t increase your taxes or reduce your refund. Here’s what it does and where the money goes.
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What’s Line 11 on Form 1040? Understanding Adjusted Gross Income (AGI)
Looking for adjusted gross income (AGI) on Form 1040? Find out where to locate it on Line 11a, how it’s calculated, and why it matters for your taxes.
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IRS Finalizes Rules For The New Car Loan Interest Deduction
The IRS has finalized rules for a new deduction that lets some taxpayers write off interest they pay on new car loans. The deduction, created by the One Big Beautiful Bill Act (OBBBA), applies to qualified passenger vehicle loan interest for tax years 2025 through 2028. The maximum deduction is $10,000 per return (not per…
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Draft 2026 Form 1040 Adds New Citizenship And Work Authorization Question
Draft Form 1040 for 2026 adds a new citizenship and work-authorization question, plus Schedule 3-A changes affecting certain refundable credits.
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Tax Forms Due To Most Taxpayers By January 31
The 2023 tax season will officially open on January 23, 2023. Now is a good time to start getting organized. The first step for many taxpayers? Finding those tax forms. If you don’t have your tax forms in hand just yet, keep checking the mail: Employers are supposed to provide employees with Forms W-2 and…
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Free Tax Help Will Be Available in 2021
Free tax preparation help is still available in 2021. Here’s how taxpayers can get assistance through VITA, TCE, AARP Tax-Aide, and IRS Free File.
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IRS Says Tax Forms Will Be Ready for the 2021 Tax Season
The IRS says key tax forms are ready for the 2021 filing season, including changes for stimulus checks, tax credits, and cryptocurrency reporting.
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Look Out for Most Tax Forms, Including Your W-2, by February 1
Most Forms W-2 and other tax forms are due to taxpayers by February 1, 2021. Here’s what to do if your tax forms are late, missing, or incorrect.
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IRS Releases Form 1040 for the 2020 Tax Year
The IRS has released Form 1040 for 2020. Here’s what’s new, including changes for stimulus payments, cryptocurrency, charitable contributions, and tax deferrals.
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Forms W-2 And Some Forms 1099 Due By February 1 In 2021
Employers must file Form W-2 and other wage statements by February 1 in 2021 to avoid penalties. The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) that was enacted on December 18, 2015, made several changes to the way we file taxes. Now, employers file copies of Form W-2, Wage and Tax Statements, and Form…
