Many people are engaged in hobby activities that are also a source of income. For example, some people started selling handmade items...

The Internal Revenue Service launched two new online tools designed to help families manage and monitor the advance monthly payments of...

Backup withholding is a federal tax on income that otherwise typically doesn't require tax withholding, such as 1099 and W2-G income....

Here are some key things homeowners should consider when selling a home: Ownership and Use To claim the exclusion, the taxpayer must meet...

The IRS is reviewing tax returns filed before the American Rescue Plan of 2021 became law in March to determine the correct taxable...

The Internal Revenue Service and the U.S. Department of the Treasury announced that the first monthly payment of the expanded and...

IRS explains student and higher education institution reporting requirements, credits and deductions The Internal Revenue Service issued...

The American Rescue Plan Act, which President Biden signed into law last month, significantly expands the Child Tax Credit in hopes of...

A record number of Americans applied for unemployment compensation in 2020 due to the pandemic. Anyone who received unemployment benefits...