Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

Navigating tax season can be daunting, but you don't need to itemize deductions to enjoy significant tax breaks.

A simple return is typically prepared using IRS Form 1040, with income from a single source. Other aspects of a simple return include: W-2 income You are reporting limited interest and dividend ...

Filing taxes can be a daunting task for millions of Americans each year. However, the IRS has introduced a solution to simplify this process.

Often federal tax returns are denied because of errors made by the taxpayer. These errors are often easily fixed if ...

Form 941 is used to report income taxes, payroll taxes, Social Security, and Medicare taxes withheld from employee wages. Most employers who pay wages file Form 941.

While an extension avoids late filing penalties and provides extra time for filing, an extension of time to file is not an ...

Text Callout : Key Takeaways - What Is a 1040 Tax Form and How Does It Work? The 1040 tax form is the form taxpayers use for filing federal taxes. It's also a form that plenty of people have trouble ...

“It’s easy to mistype a digit or letter, especially when using tax software or filling out forms manually,” Delia says. “Additionally, your name on the tax return must exactly match what's ...