How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

Navigating the complexities of the Premium Tax Credit can be daunting, but understanding who qualifies is the first step ...

An IRS Form 1095 will give you proof of health insurance for ... Using the 1095-A as proof you have health insurance, you can then complete Form 8962 to file with your tax returns. This will calculate ...

There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to ... [+] report self-employment ...

or the additional child tax credit (ACTC). The extra time allows the IRS to match forms on their end with information reported by taxpayers, all in an effort to prevent fraud. This year ...

Even if canceled or forgiven debt was less than $600, the IRS still requires you to report it on your tax return (under the “other income” line on Form 1040 or 1040-SR). Form 1099-CAP ...