Taxpayers bear distinct obligations to file a tax return and to pay tax enforceable by tax penalties. The failure-to-file penalty is more severe and more strict.

Americans are preparing to submit their 2024 returns as tax season draws closer. One such tax policy that might save you thousands. That is the Child Tax Credit. In recent years, the Child Tax Credit ...

The 2024-2025 PGP cites proposed regs (REG-124850-08), published May 8, 2024, that provide guidance on information reporting ...

Comedian Matt Friend chats with USA TODAY's Ralphie Aversa about Golden Globes host Nikki Glaser, who he met while still in ...

As the IRS announces significant tax adjustments for 2025, individuals and businesses must prepare for changes that could impact their financial strategies. Understanding these updates is crucial for ...

You've worked hard on your side hustle all year. Whether you drove for Uber or Lyft to earn money to supplement a full-time ...

There are limits as to how much you can contribute and for income thresholds for individual retirement accounts. For 2024 and 2025, you can contribute $7,000.

There has been a lot of talk lately about the mega backdoor Roth IRA. For a long time, it was an unspoken secret used by ...

A backdoor Roth IRA is a strategy that allows high-income earners to bypass the ordinary income limits on Roth contributions ...

The IRS continues to issue guidance for crypto tax preparers . . Toward the tail end of 2024 the IRS released the ...

The Internal Revenue Service (IRS) has issued an urgent reminder for taxpayers in disaster-affected areas about extended ...

Learn how to do dividend capture, an aggressive, income-focused stock trading strategy that investors can use to increase ...