IRS Form 6251, titled Alternative Minimum Tax—Individuals, determines how much alternative minimum tax (AMT) you could owe. In order for wealthy individuals to pay their fair share of income tax, ...

The IRS will phase out paper refund checks starting Sept. 30, 2025. Millions of Americans must switch to direct deposit or ...

The Internal Revenue Service is making a small change to how they evaluate one line of a tax document this year. And it could have big implications for the Affordable Care Act (ACA), the law better ...

The IRS Form 1040 is the primary document used by taxpayers in the United States to file their annual income tax returns. It serves as a comprehensive summary of your financial year, detailing all ...

The Internal Revenue Service (IRS) has recently announced a pivotal change that will impact the tax filings of millions of Americans who rely on digital payment platforms such as Venmo, Cash App, and ...

Maite joined the AS USA in 2021, bringing her experience as a research analyst investigating illegal logging to the team. Maite’s interest in politics propelled her to pursue a degree in international ...

The IRS is getting on with it quietly and rewriting a section of the tax playbook. This month, the agency published a draft ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. In March 2024, the Internal Revenue Service (IRS) unveiled a revised version ...

April 18 is the deadline to file the 2022 tax return. However, taxpayers can get more time to complete their return by requesting an extension from the Internal Revenue Service (IRS). Taxpayers who ...

The Internal Revenue Service will begin phasing out the use of paper checks for tax refunds starting at the end of the month.

Students and former students who have paid interest on a qualified student loan could be eligible for a tax deduction of some or even all of the interest when filing their federal income tax return.