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As the end of the year approaches, now’s the time to start preparing for filing your 2024 tax return in 2025. When it comes to tax strategies, generally Dec. 31 is the deadline to make changes that ...
With the April 15 tax deadline fast approaching, millions of Americans are scrambling to finalize their returns and avoid costly mistakes that could shrink their refunds or trigger audits. Now is a ...
Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for ...
Once you’ve clicked “file” or dropped your tax return in the mail, use this form to provide the IRS with updated information Richard Richtmyer is an senior editor at Buy Side and expert in student ...
Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. Tax returns are notoriously tricky when they involve income from ...
Realizing you made a mistake on your tax return? Don’t panic. If you overlooked a valuable deduction, say, or forgot to report some of your income, you can simply file an amended return. Amending your ...
As President Donald Trump hailed the economic impact first six months of his tax cut package at a White House gathering on Friday, the Trump Administration unveiled a draft version of the revised 1040 ...
The IRS said Wednesday that soon it will add Form 1040, U.S. Individual Income Tax Return, and Form 941, Employer’s Quarterly Federal Tax Return, to the forms that it can digitally scan. The agency ...