Early IRS data shows fewer tax returns processed and few refunds issued through Feb. 6, but the average refund amount is up.

H&R Block's service asks lots of questions related to potential tax breaks, looking for savings that can come, for example, from cash and noncash charitable donations, and H&R Block was able to find ...

Starting in 2026, details of each donation reported are immediately stored electronically on the ITA’s system. The donor can access these details online.

The draft rules indicate a big shift in how PAN will be used in everyday financial transactions. One of the key proposals is a higher threshold for quoting PAN in cash dealings. Currently, individuals ...

Learn how working after claiming Social Security can increase taxes, trigger Medicare IRMAA surcharges, and affect retirement income planning.

Learn about the Indian Employment Credit, a tax initiative rewarding companies for hiring enrolled tribe members or spouses on reservations, up until 2021.

Learn about under reporting, a practice that impacts tax liabilities, funds federal programs, and can lead to penalties.

Your tax return could trigger an IRS audit if you're missing key tax forms, experts say. Here's a checklist of forms and when to expect them.

The Social Security Fairness Act provided more than 2.8 million beneficiaries with higher payments. Here's what to know about ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...