Did you receive an unexpected package with no sender listed? If so, the Federal Trade Commission (FTC) urges caution. Scammers are relentless in finding new ways to steal your assets and personal information. Tax...

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Before you file your tax return, you may want to take a vital step to help protect yourself and your assets from identity theft. The IRS urges taxpayers to get an Identity Protection Personal...

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Most married couples file joint income tax returns. But in some cases, it may be beneficial to file separate returns. If, for example, one spouse has substantial unreimbursed medical expenses and relatively low income,...

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The Earned Income Tax Credit (EITC) was signed into law in 1975, and the IRS is celebrating its 50th anniversary. According to the tax agency, “through numerous legislative changes, the tax break has helped...

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The IRS is again warning of a scam circulating that involves false W-2 forms. Scammers use tax software to create fake W-2s, listing fabricated employers, inflated earnings and excessive withholdings. They then use this...

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Tax filing season (which started Jan. 27) also means refund season for many taxpayers. If you’re entitled to a federal tax refund, know that the IRS issues most refunds in less than 21 days...

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To help you make sure you don’t miss any important 2025 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us...

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Distributions from IRAs before age 59½ are generally subject to income tax and a 10% penalty. But there are exceptions. For example, first-time homebuyers can withdraw $10,000 penalty-free, and adoptive parents can withdraw up...

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Many taxpayers are receiving their Forms W-2. But what if you receive an incorrect Form W-2 from a current or former employer? The IRS advises you first to request a correction from the employer....

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Two commonly misunderstood tax terms are deductions and credits. What’s the difference? Deductions reduce the amount of a taxpayer’s income before tax is calculated. For example, on your individual return, you can take the...

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