Despite the turmoil at the I.R.S., tax returns are still due on April 15. And, yes, there are still options for lowering last ...

Form 941 is used to report income taxes, payroll taxes, Social Security, and Medicare taxes withheld from employee wages. Most employers who pay wages file Form 941.

With the cost of living rising, taxpayers plan to use IRS refunds to cover necessities over making leisure purchases, ...

**Surviving Spouse as Default Beneficiary**: If you are married and do not name a beneficiary, your spouse automatically becomes the beneficiary of the HSA by default. In this case, the HSA continues ...

Each January, your mailbox and email are likely filled with tax forms. You'll receive a W-2 reporting your wages if you work for an employer. But if you do any self-employed or freelance ...

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a ...

and most state income taxes are deducted. You can make changes to the amount you contribute to your HSA during the year by submitting a new Health Savings Account (HSA) Change of Contribution form.

Maximize your tax refund with strategies like adjusting your withholding, contributing to retirement accounts, taking ...

Here's when the last day to file taxes is, what documents you'll need, a quick breakdown on some new forms for the 2024 and 2025 tax season and how to track your tax refund. When is the last day ...

That means that taxpayers who donate stock to a scholarship granting organization would first avoid the capital gains tax and then receive the value of the stock back in the form of a tax credit.