For tax year 2024, the threshold to receive Form 1099-K for payments through payment platforms is $5,000. The IRS considers money paid through the platforms for goods and services as income, even when ...

Every year, as the tax deadline approaches, millions of Americans scramble to gather their financial documents, hoping to submit their returns on time. For some, the process is straightforward, but ...

CLEVELAND, Ohio – For most homeowners, property taxes for the first half of 2024 are due Feb. 20, but those on the county’s monthly payment plan will have their final payments for the period ...

If passed, the Service Members Tax Relief Act would eliminate federal income tax on all active-duty and reserve pay, as well as military bonuses.

Senator Jim Justice, a Republican and former governor of West Virginia, agreed to pay just hours after the tax agency sued to ...

If you're self-employed, you should be paying your estimated taxes on a quarterly basis. Reasons for not paying taxes throughout the year include financial stress and confusion over the process. If ...

The Internal Revenue Service (IRS) has issued a reminder to taxpayers about payment plans ahead of the upcoming tax deadline. Tax season is almost at an end, with payments and returns due on April 15.

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Searching for homes and scrolling through listing photos is fun, but saving up for a down payment can be a real challenge. That’s why some home buyers turn to family for a helping hand in the form of ...

"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...

Tax season can be complicated, and for many people, the biggest concern on April 15 each year is not just how much they owe, but how long they have to pay. After all, millions of Americans find that ...

Yes, it’s entirely possible to make more than $100,000 and pay no federal income tax on it. This little trick is completely legal and — incredibly! — the tax code almost seems to encourage you to use ...