KEY TAKEAWAY The IRS is moving away from paper refund checks this year, and is asking all taxpayers to include their direct deposit information on their 2025 tax returns.Taxpayers who don't include ...

The IRS has released guidance on a new deduction that allows eligible taxpayers to write off up to $10,000 in auto loan ...

Wondering if you qualify for IRS tax forgiveness? Learn OIC, penalty relief and hardship rules, plus what the IRS looks for.

The One Big Beautiful Bill Act, signed into law on July 4, 2025, reversed the $600 Form 1099-K threshold Congress originally created in 2021. Under the new law, third-party payment platforms are only ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Ebony Howard is a certified public ...

My previous column outlined what happens when a nonprofit corporation loses its federal income tax exemption. The mission is threatened, the sales tax exemption is lost, grants are no longer ...

Knowing what forms you're getting and why is important so you can ensure that you and your tax preparer have what's needed to file your taxes.

The IRS will assume the reported income is legitimate and expect taxes to be paid, so it’s important to take action quickly.

OPM told federal retirees who requested paper 1099-R forms that the remaining documents were being mailed this week, and should arrive within five days.

The Internal Revenue Service is warning taxpayers about phony tips, tax credits and other viral advice that will trigger trouble with your return.

The Internal Revenue Service (IRS) has set April 15, 2026, as the final federal tax filing deadline for most US taxpayers. However, taxpayers who cannot meet this deadline can request an automatic six ...