If you’ve made money anywhere in the world and you’re a U.S. citizen, the government expects you to report it--and pay taxes on it. If you're collecting a paycheck from abroad, we put together an easy guide with some helpful information that may benefit your situation.
With so many DIY tax filing options, how do you choose? We compare the 7 best tax software programs to evaluate cost, features and ease of use.
When it comes to education, the costs can be high. Luckily, the government likes to encourage people to invest in education. And one way that they do that is through tax benefits for students.
This year you'll see the biggest changes in the federal income tax code in decades. In our guide to filing your 2018 tax returns, you'll find everything you need on how to file your taxes this year.
Being a military member comes with all sorts of financial complications and benefits. Military members can take advantage of a separate retirement system. And they get a variety of tax breaks and benefits. But all of those tax breaks can also be confusing when it comes to filing your taxes.
If you’re a wage earner but not making much money, you may qualify for the Earned Income Tax Credit (EITC). This is a tax credit that helps offset the cost of Social Security taxes for low-wage earners. If you qualify for the EITC, you’ll need to fill out tax form Schedule EIC and attach it to your form 1040 or 1040A.
Form 1040A is where you compile all the important information from a host of other forms your tax preparer or tax software helps you fill out. This form is more streamlined than the full Form 1040, but it’s not as simple as Form 1040EZ.
Virtual currency is treated like property for tax purposes. So principles that apply to property transactions, like buying or selling a home, also apply to buying, selling, and using virtual currency like Bitcoin and other cryptocurrencies. So what does that actually mean as far as your taxes go?
This is one of the three forms you can use to file your federal income taxes. The other two--1040 and 1040A--are for more complicated scenarios. But if you qualify, you can file your taxes pretty quickly with 1040EZ.