The rules for deducting personal casualty losses on a tax return have changed through 2025. However, you may still be able to claim a deduction if an event qualifies as a federally declared disaster (and several have this summer).
About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.
Americans got extra time to file their tax returns this year, but the deadline is looming. Here’s what to do if you’re not ready.
The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.
Filing your tax return early will get you any refund early and may protect you from tax identity theft. Here’s why.