For the 2024 tax year, single filers can add $2,000 to their standard deduction, while joint filers can add $1,600. Unlike the old Form 1040EZ, which limited income reporting, Form 1040-SR ...

Filing a tax return is your obligation as a U.S. citizen or resident if your income is above a certain amount. Jump to insight Form 1040 is commonly used for federal tax returns, but other taxing ...

Year-round tax planning can help prevent tax autopsies and save taxpayers a significant amount of their hard-earned money!

it is possible that the IRS computers may reflect the confusion shown in the Form 1040 filing instructions and assess tax and penalties on purportedly unreported income. The problem is created by ...

The refundable amount for workers with or without children is slightly higher this year. Here’s what you need to know.