Tax rules change every year, and education deductions and credits are a common place to see changes year to year. Here’s what you need to know if you have any education-related income or expenses.
Many taxpayers are freaking out after having received 1099-C or 1099-A forms for debts that were forgiven, never paid back or wiped out in bankruptcy. Take a deep breath! You may not have to pay taxes on the amount of the income listed on these forms.
The Internal Revenue Service is offering free tax preparation assistance from certified volunteers for moderate- to low-income taxpayers.
If you plan to deduct all of the deductible financial situations you found yourself in last year, make sure you have all the required information first.
The number of ways to get your refund from the Internal Revenue Service has increased during the past few years. MainStreet takes a look at the pros and cons of each option so you can find the right one for you.
Depending on the mistake, it can take several steps to ensure that your W-2 has all the correct information on it.
Even if you hire a professional, you need to do some legwork to get the best tax refund.
W-2s are starting to arrive in the mail, which always confuses many first-time filers. MainStreet walks the newbies through the tax-filing process and explains what they need to know in terms of deadlines, refunds and terminology.
Taxes aren’t due this year until April 17 but already readers are asking: Should I pay my taxes with my credit card? Or better yet, a rewards credit card?
