Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

EAST PALESTINE, Ohio (AP) — A lawsuit alleging for the first time that people died because of the disastrous 2023 East Palestine train derailment was announced on Monday's second anniversary of ...

A step-by-step guide to help you fill out a W-4 Nora Carol Photography / Getty Images You're about to begin that much-needed, new job and your employer hands you an IRS Form W-4 to fill out and ...

If a U.S. citizen or resident received a gift or bequest from a foreign person after June 17, 2008, they may be required to file Form 708 and pay the Section 2801 transfer tax to the IRS.

is refundable to them as an “Additional Child Tax Credit” calculated on the same form (Form 8812) used to report the CTC. IRS Publication 501 provides more details on dependents that basically ...

The average American who hires a tax preparer to file even a simple return will spend upwards of $200, according to industry estimates. This year, however, taxpayers have more options than ...

Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income ...

While you get your tax information together ... and other dependents on Form 1040, U.S. Individual Income Tax Return, and attaching a completed Schedule 8812, Credits for Qualifying Children ...

Danny Werfel, the commissioner of the Internal Revenue Service, will resign Monday, he told employees, as President-elect Donald Trump eyes a successor to undo much of President Joe Biden’s ...