Tax season is officially underway, as the Internal Revenue Service started processing returns Monday. The agency expects more than 140 million individual tax returns for tax year 2024 to be filed ...

Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...

Once you’ve clicked “file” or dropped your tax return in the mail, use this form to provide the IRS with updated information Written By Written by Contributor, Buy Side E. Napoletano is a contributor ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

After several key changes in 2025, experts are advising taxpayers to start preparing for the coming year now to avoid any costly mistakes.

The IRS Free File program provides free tax filing services to many lower and middle income taxpayers through IRS trusted partners. To qualify for IRS Free File guided tax software, individuals, ...

It's time to get your finances in order because Tax Day will be here before you know it. Tax Day, the annual day when individual income tax returns are due to the federal government, is April 15. But ...

IRS data show only approximately 6% of taxpayers mail their tax returns, and for good reason. filing electronically is easier, safer and faster, but it isn’t an option for everyone. Despite recent IRS ...

Tax season is almost over and those who have yet to file may be looking for as many credits as possible to get cash back from the Internal Revenue Service. The average tax refund issued by the IRS as ...

The type of deduction you take can determine how much you'll owe, or even get back in refunds this tax season. But what is the difference between standard and itemized deductions? Is one option better ...