If you borrow money (note: credit card debt is borrowed money) from a commercial lender and the lender later cancels or forgives the debt, you may have to include the cancelled amount as income ...

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...

States must now decide whether to participate, with their decisions determining the federal credit’s availability to ...

Get ahead of the tax season crunch by collecting these tax documents throughout the year. Here's what you need to keep an eye out for.

The IRS has issued guidance on HSAs, answering questions about telehealth services, bronze and catastrophic plans under the ...

Updated taxpayer protections change what the IRS must explain on error notices and how long you have to respond.

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

Could half of the people who qualify for Trump Accounts lose out? What parents need to do to make sure they're on track to ...

The Internal Revenue Service is urging taxpayers to prepare early for the 2026 tax season as changes from the “One Big Beautiful Bill” take effect.

If you itemize your tax deductions and like to contribute financially to the causes and groups that you support, do it before ...

After scorching-hot inflation pushed income-tax brackets and a widely used tax deduction to their largest single-year increase in decades for the 2023 tax year, another round of sizable adjustments is ...

The IRS confirmed slot-win reporting will rise to $2,000 in 2026, but a law cutting loss deductions to 90% continues to alarm gamblers and casinos.