There's usually no tax withholding on their retirement account withdrawals, so many actually owe the IRS money at tax time.

No one enjoys tax time, but if you're a senior, it can be especially difficult. Not only are you living off a fixed income, ...

Taxes aren't fun but they don't have to be expensive, there are several ways you can get free or heavily discounted tax preparation software. See all of your options today. The post How to File Your ...

The Bill continues to reference certain definitions from the Income-tax Act, 1961, and there are many cross-references between tables, which could make the reading slight cumbersome, says Sunil ...

The IRS's VITA program has volunteers doing free tax prep for anyone making $67,000 or less. How to find a volunteer for your ...

The Connecticut Project is urging residents to file taxes for 2024 and earlier to see if they qualify for the state Earned ...

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

Don’t leave money on the table during this income tax filing season. With filing for 2024 taxes now open, the IRS is reminding taxpayers of the Earned Income Tax Credit, a tax break for ...

The EITC is a tiered system based on income and the number of dependents. Here are some key points to take away for the 2025 tax year, per the Internal Revenue Service (IRS): You can qualify for ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Janet Berry-Johnson is a CPA with 10 years of experience in public accounting and writes ...