The Tuition and Fees Deduction was phased out, but two main credits are currently available: the American Opportunity Credit ...

Effective tax planning can significantly lower your taxable income, potentially saving you thousands annually and freeing up more of your hard-earned money for saving and investing.

The Baltimore City government established a fully taxpayer-funded grant program through a nonprofit with no way to track the ...

You can only get the full array of advice by subscribing to the Tax Letter, but we will regularly feature snippets from it online, and here is one of those samples… As you’re filling out your 2023 ...

Overseas Americans selling a principal residence located abroad or in the U.S., face challenges to qualify for the capital ...

IRS Form 2848 allows tax professionals, such as an attorney, CPA, or enrolled agent, to represent you before the IRS as if they were the taxpayer. Signing Form 2848 and authorizing someone to ...

Tax information reporting requirements are evolving rapidly, creating new compliance challenges for small and medium-sizes businesses,” said Alice Katwan, president of revenue, Sovos. “With 1099 ...

This tax reporting change will be implemented in phases. It could be delayed again, but freelancers should plan ahead.

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

You will want to hang on to certain items, such as tax forms and supporting paperwork, in case of an audit or another issue with your taxes. If you are the type that likes to declutter, you may wonder ...

The R&D credit is a tax credit that provides a dollar-for-dollar reduction in taxes owed for companies performing research, ...

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later All designated educational institutions (DEI) in Canada will be required to file the new information ...