[ad_1] Jetcityimage | Istock | Getty Images If you’re trying to max out the yearly purchase limit for Series I bonds, your tax refund offers an opportunity to buy even…
Tag: Tax planning
Don’t risk an audit. Here are four reasons the IRS may flag your return
[ad_1] dmphoto | E+ | Getty Images Tax season is underway and there’s been increased scrutiny of the IRS as the agency starts deploying part of the nearly $80 billion…
IRS about 3 to 5 times more likely to audit Black Americans’ tax returns, study finds
[ad_1] Jeffrey Coolidge | Photodisc | Getty Images Black Americans are roughly three to five times more likely to face an IRS audit than other taxpayers, according to a new…
Roughly 70% of taxpayers are eligible for IRS Free File, but only 2% used it in 2022
[ad_1] AsiaVision | E+ | Getty Images Most Americans can file their taxes for free — but many don’t seize the opportunity. Roughly 70% of taxpayers qualify to use IRS…
Here’s who can claim the home office deduction on this year’s taxes
[ad_1] Morsa Images | Digitalvision | Getty Images If you worked from home in 2022, you may be wondering if you qualify for the home office deduction, which offers a…
How to figure out the best time to file your tax return: Don’t ‘race to the finish line,’ say tax pros
[ad_1] As tax season begins, you may be eager to file your tax return for a faster refund and to check the annual task off your list. For most filers,…
After a tough year for crypto, here’s how to handle losses on your tax return
[ad_1] A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images Crypto losses…
The Fair Tax Act, explained: what to know about the Republican plan for a national sales tax, decentralized IRS
[ad_1] John Miller | iStock | Getty Images A group of House Republicans are revisiting the Fair Tax Act, which would replace certain federal levies with a national sales tax…
IRS warns tax refunds may be ‘somewhat lower.’ With high inflation, that’s a ‘double whammy’ for families, says advisor
[ad_1] Bill Oxford | E+ | Getty Images If you’re banking on a tax refund, it may be “somewhat lower” than last year’s payment, according to the IRS. Typically, you…
Oscar-nominated ‘Everything Everywhere All At Once’ features an IRS ordeal, but here’s what really happens in an audit, according to tax pros
[ad_1] Michelle Yeoh in “Everything Everywhere All at Once.” Source: imdb Tax audits are rare Tax audits have been a hot-button political issue since the Inflation Reduction Act, passed in…