One group of taxpayers could be in for a welcome financial boost in March. Here’s who qualifies and how to apply.

Crypto assets must be reported on tax returns like any other property when they are sold. If you take a loss when selling it ...

Taxpayers are advised to file their taxes well before the 15 April deadline and refunds can be received within 21 days.

If you did not earn any income during the previous tax year, you are not required to file a tax return. The minimum income ...

The application process for recognition of exemption varies between different types of organizations; you can find all the assistance you need on the IRS’ Tax Exemption FAQ page. The federal tax ...

Every year the IRS adjusts the amount of income that is exempt from taxation as well as the income threshold for tax brackets to account for inflation. Note, that dependents that can be claimed on ...

Iowa has the lowest state inheritance tax, at a maximum of 2%. Kentucky and New Jersey have the highest, at a top rate of 16%, but they are among a group of three states that offer exemptions up to a ...

A prominent US entrepreneur, despite claiming to be broke, pled guilty to tax fraud using an elaborate tax evasion scheme to hide hundreds of millions.

The tax credit for children and dependents can help filers reduce their tax burden or fatten their refund. What you need to know for the 2025 tax season.