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IRS Form 1040: Be aware of the 3 most recent changes
As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.
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Form 1040, what do you need to know to obtain the Child Tax Credit?
The IRS has announced a one-time financial support of $1,700 for eligible families through the Child Tax Credit (CTC). This ...
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Tax Season 2025: Here Are the IRS' First Stats on Returns Filed and Refunds Issued
On Friday, the IRS released initial statistics comparing the end of January 2025 with early February 2024. As of Feb. 7, 2025 ...
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$1 Billion in Tax Refunds Disappears Today If You Don't Claim It
To file an old 2020 tax return, you'll need to mail it to a specific regional IRS center listed on the last page of this year's IRS Form 1040 instructions (these instructions are from last year's ...
Stimulus Check Update as IRS Warns Time Is Running Out to Claim Payment
The Internal Revenue Service is encouraging tax filers who have not claimed coronavirus-era tax credits to do so before a ...
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Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned
When filling out your Form 1040 or Form 1040-SR for the 2020 tax year, you should include the total amount of IRA distributions shown on your Form 1099-R on Line 4a of the 1040 form. Then you ...