Key Points ・The "Student Loan Tax Bomb" is a term that refers to the taxes owed on forgiven student loan debt in some ...

As inflation drives up the cost of almost everything, more Americans are turning to second jobs or weekend side gigs—whether ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and tax changes.

If a taxpayer is unable to afford their complete tax debt, they may be able to make a compromise for a lower amount due. A tax expert explains what the compromise process looks like and which ...

Justin Haskins just released a detailed study of how much Americans pay the IRS in taxes each year. He revealed that the Trump tax cuts lowered taxes for ordinary Americans.

Maximize Your Tax Deductions Tax deductions reduce your taxable income, which is the amount IRS and state tax agencies use to calculate how much you owe. While they don’t lower your tax bill ...

How Does the Earned Income Tax Credit Work? The Earned Income Tax Credit (EITC) turns 50 this year—and the IRS is urging eligible taxpayers not to leave money on the table. Since its creation in 1975, ...

The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago.

Several tax changes are happening that can impact how your retirement income is taxed at federal and state levels.