Illinois lawmakers have passed a bill to Gov. JB Pritzker that makes changes to the state's tax code in response to federal tax policies that could reduce state revenue, potentially saving the state ...

The premium tax credit is a refundable credit that helps some taxpayers afford health insurance premiums. The advance PTC lowers the premiums themselves. Many, or all, of the products featured on this ...

Common 1099 forms and their purpose in reporting income sources like interest, dividends and capital gains Where to find Form 1099 online and how different financial institutions provide access to tax ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is important for ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Lars Peterson joined Investopedia in 2023 as a senior editor of financial product ...

Do not rush to file your annual tax return; file the correct tax return the first time. Most U.S. income forms for tax filing are supposed to be mailed or accessed online by Feb. 15, 2025, or after ...

Gambling taxes are common because the United States gaming industry is booming. From new casinos to lotteries and online sports betting, there are plenty of opportunities if you enjoy gambling. And ...

Taxpayers have until Oct. 15 to file tax extensions. Extension must be filed at this time to avoid getting hit with penalties. There are several options available to file tax extensions, including ...

H&R Block Review 2025: Is This Tax Service Worth It? Your email has been sent H&R Block is a highly recognized tax preparation company in the US. It offers a wide range of tax filing options, ...

Assessee paid commission of Rs.23,52,460/- to non-residents during AY 2017-18. AO, during regular assessment u/s 143(3), disallowed 30% of the amount u/s 40(a)(i) alleging non-deduction of TDS. On ...

The Canada Revenue Agency (CRA) is moving forward with plans to expand its automated tax filing process, ensuring that low-income Canadians receive the benefits they’re entitled to. During a press ...