Tax

Here is a general response about the taxability of Social Security, as this is a difficult issue to answer without knowing more about your circumstances. Getting your personal finances in order during tax season can feel like a Herculean…

The IRS advises selecting "Yes" if you mine, stake, or otherwise derive any monetary benefit from cryptocurrency. The Internal Revenue Service (IRS), an agency responsible for enforcing United States federal tax laws, has issued a list…

Residents of Michigan with public pensions and other specific retirement accounts may soon enjoy new tax breaks under a bill approved by the state Senate on Thursday, and the House has approved a competing plan with significant differences.…

When filing US tax returns, many people, especially first-timers, put it off until the last minute because they find it intimidating.  But if you don't want to worry about missing the deadline, you should start making preparations as…

For many Americans, particularly those filing for the first time, filing tax returns can be a daunting task that is frequently put off until the last minute. But if you want to avoid the stress of the looming deadline, you should begin…

Tax season for 2022 returns started this week, but 2020 returns are also making headlines. The IRS recently informed Americans that they may still be owed money from that time period and provided instructions on how to claim it. When…

The IRS advises that you must file a thorough and correct tax return if you anticipate receiving a refund this year in order to prevent lengthy processing and delays. Include any needed tax documents, also known as information returns,…

Some states' refund and rebate payment periods will run into 2023 even though the majority of the formal stimulus checks that restored funds to Americans' bank accounts as a kind of COVID-19 or inflation relief has ceased. States Stimulus…