Tax Season

Nationwide, states’ total financial balances reached a record $343 billion at the end of their 2022 fiscal years — up 42% from the previous year, according to a recent report by The Pew Charitable Trusts.

Know the facts when you’re filing your taxes this season. Here’s a look at the truth behind some common tax myths.

It’s important to get organized with tax forms before filing your return to avoid refund delays. Here’s how to know which forms you need.

Tax preparer fees in the U.S. are all over the place, and they might seem random, but there are a few factors that can influence how these fees are calculated. Here are these factors.

If you’re planning to max out your 401(k) plan for 2023 and want to save more, you may consider after-tax 401(k) contributions. Here’s what you need to know.

Both tax credits and tax deductions can help taxpayers keep more of their money, but they do it in very different ways. Here’s how they work.

Whether you’re filing a simple or complicated tax return, it’s critical to make sure it’s accurate and complete. Here’s how IRS transcripts can help.

Married couples have the choice to file income taxes jointly or separately every year. Here’s how to pick the best option for your return.

If you made a sizable profit from selling your home, you may have an unexpected tax bill. Here’s what sellers need to know.

The IRS has unveiled a new option to respond to certain agency notices online. Here’s what filers need to know.

Your pets can’t be claimed as dependents, filing electronically is faster and more secure than using paper, and filing for an extension does not give you more time to pay.

The IRS has issued nearly 8 million tax refunds worth about $15.7 billion, as of Feb. 3. Here’s the average payment.

After a delay, the IRS provides guidance on whether you owe federal taxes on your 2022 state-issued checks or tax rebates.

While many couples discover they benefit tax-wise (or fare the same) once they are married, others end up paying more after tying the knot.

The IRS is urging millions of taxpayers to hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year.

These are some of the most common errors you should avoid when filing your taxes, according to experts and the IRS.

The artificial intelligence chatbot can write 5-paragraph essays and even pass business school exams. But can it help you with your 1040 Form? We asked the chatbot some tax questions and had a certified public accountant check ChatGPT’s work.

Many people hire professional help when it comes to filing their taxes to avoid dealing with complicated terminology. Here’s one of the more basic terms.

It’s tax season, and Americans are trying to make sense of various tax breaks. Tax credits are generally more valuable than deductions.

You may want a faster tax refund, but the IRS says to slow down and prepare first. Here’s the best time to file your tax return.