Tax

Millions of Americans must file taxes by April 18. 40 million student loan borrowers find repayment, forgiveness, and taxes more confusing than ever. However, there are strategies available to many individuals that can reduce their…

During the COVID-19 pandemic, federal Stimulus checks dramatically reduced childhood poverty and helped families survive economically difficult times. Representative Ilhan Omar is a member of The Squad, a powerful group of progressive…

The Alabama Department of Revenue will extend the tax filing deadline for storm victims in the federally declared disaster area for several months. This is seen as a gesture of goodwill, an effort to give those affected by the January…

American society relies on Social Security, with people using their numbers hundreds of times a year, often without realizing it. It will be used if you ever need to file a claim for state benefits of any kind, as well as for any…

The extra IRS funds revealed in the Inflation Reduction Act will intensify audits on America's wealthiest taxpayers. Over the next ten years, the Internal Income Service (IRS) hopes to generate an additional $100 billion in income. It…

Eligible US taxpayers can use the home office deduction to deduct certain home expenses from their annual tax returns. Following the COVID-19 pandemic, the number of persons working from home increased dramatically in 2020. Although…

The IRS accepts payments in different ways, as listed below. In order to avoid fines and interest, it goes without saying that you should act before the tax deadline. There are methods to simplify the payment process, some of which may…

New Mexico seniors filing income tax returns may be pleased to learn that they no longer pay state taxes on Social Security income. The 2022 tax year is the first time since 1990 when the legislature began taxing it, that Social Security…