Many students receive financial aid to help cover the costs of going to college. If you receive aid, it’s important to be educated on how it may affect your taxes.

Tips are a great bonus when working in the service industry, but there are some tax considerations with this extra income. Here are answers to some of the frequently asked questions about reporting tips.

Balance due notices (CP14) have been incorrectly issued to some taxpayers who filed married filing jointly.

Many summertime activities, from getting married to working a summer job, can affect your tax situation. Make sure to check out these Summertime Tax Tips to avoid surprises next tax season.

Self-employed individuals and small business owners working from home can save money by taking a deduction for business use of the home.

Updates to the threshold requirements for Form 1099-K mean that more people will receive this form than ever before.

In the United States, taxes are pay-as-you-go, which means that you need to pay your taxes throughout the year as you receive income.

When you have self-employment income, your tax situation will look different compared to being an employee.

The IRS determines whether you have a hobby or a business on a case-by-case basis. Typically, the classification comes down to intent and profit.

The Earned Income Tax Credit (EITC) offers a tax break for eligible low- to moderate-income workers.

The IRS will begin accepting and processing 2021 tax year returns on January 24, 2022.

The IRS is opening soon, but you can start getting ready for tax season now! Here are some things you can do to prepare while waiting to file your taxes.

If you donate to a 501(c)3 organization, then you can claim charitable donation as a deduction on your tax return.

Scammers will typically reach out to you for personal information such as your social security number, filing status, refund amount, and other data that you may put on your tax return.

IRS Letter 6470 addresses a taxpayer's right to appeal changes the IRS made to the amount of the Recovery Rebate Credit you claimed on your 2020 tax return.

The two credits available to students are the American Opportunity Tax Credit and the Lifetime Learning Credit, however, you can only claim one in a given tax year.

The Educator Expense Deduction allows eligible educators to claim up to $300, up from $250 in 2021, for unreimbursed expenses related to the classroom.

This blog post will go over some information you may want to know about how these payments may affect your taxes next year and why you may want to unenroll for future payments.

Many aspects of your life may change, and that includes your taxes! This blog post will go over how tying the knot can affect your tax situation.

If you make a mistake on your tax return or receive additional information that will affect your taxes after you file, then you may need to amend your tax return.