Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

These days, there are a number of free options for filing your tax return, and many of them offer guided support to help you ...

Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS. Employees receive a W-2, ...

To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by ...

Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Filing your own tax return is less expensive but a CPA can defend you if the IRS has a problem with your return. Your choice can depend on the complexity of your income.

First-time filers sometimes fall into the trap of believing that only full-time, permanent employees have to file and pay ...

The IRS' free online program Direct File is now open for business and accepting tax returns. Here's what to know.

The old tax regime might not be scrapped, but it is unlikely that any tax concessions will be announced under this structure.

Fact checked by Vikki Velasquez Reviewed by David Kindness Navigating taxes can feel overwhelming, with its sea of paperwork, ...

Each year, people wonder if they should do their own taxes or enlist a professional. We'll help you decide what to do for tax ...