How much can you contribute to a 401(k) plan for 2022? How much is the standard deduction? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some answers to these and other tax-related questions for 2022.
You can only claim a casualty loss tax deduction in certain situations
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).
Many parents will receive advance tax credit payments beginning July 15
About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.
Still have questions after you file your tax return?
Congratulations if you filed your 2020 tax return by the May 17 deadline. But you may still have questions. We’re often asked about refund status, record retention and amended tax returns. Here are some answers.
Tax filing deadline is coming up: What to do if you need more time
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.
Why it’s important to meet the tax return filing and payment deadlines
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.
Who qualifies for “head of household” tax filing status?
If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.
2021 individual taxes: Answers to your questions about limits
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.
One reason to file your 2020 tax return early
Filing your tax return early will get you any refund early and may protect you from tax identity theft. Here’s why.