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After paying bills, it's hard for most people to find money to set aside for retirement. Fortunately, the tax law can help you save for the future. The tax law allows you to: Contribute to a com...

If an owner-employee of an S corporation pays business expenses, no deduction is allowed. This is because of the suspension of unreimbursed employee business expenses from 2018 through 2025. If the co...

Statistics show that charitable giving is down, as many people have become financially strapped in this tough economy. Still, those who can afford to give and want to benefit their alma mater or other...

Whether you're paying into the Social Security system or receiving benefits from it, the important news is that there are no changes for 2011. Some amounts can be adjusted annually for inflation, but ...

More than two dozen tax breaks are subject to cost-of-living adjustments each year. However, due to low inflation, only a handful of tax breaks will be increased for 2011. These include: Adoption ...

The IRS has been using various technologies to improve customer service, one of which is voice bots. To date, voice bots have answered over 3 million taxpayer calls. Now taxpayers can use voice bots t...

As the end of the year approaches, many taxpayers engage in year-end tax planning to minimize their tax bill for 2011. This year, with widespread tax uncertainty on a number of fronts, year-end plann...

The National Taxpayer Advocate is required to issue an annual report to Congress listing problems and concerns, and how to create a better experience for taxpayers. The 2022 Annual Report to Congress ...

A disabled veteran may be entitled to tax-free disability income from the federal government. However, other government benefits, as well as other sources of income, may push the veteran over the thre...

If someone uses your Social Security number to file a fraudulent tax return in order to receive a tax refund, what can you do? The IRS now has a guide for taxpayers in this situation. Respond imme...