Learn about the IRS’s new Code Y for reporting Qualified Charitable Distributions (QCDs) from IRAs, effective in 2025.

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the meaning of modified adjusted gross income, or MAGI ...

Summary: For the 2025 tax year, U.S. taxpayers must file Form 1040 or Form 1040-SR by April 15, 2026, with an optional automatic six-month extension via Form 4868. Filing requirements vary by age, ...

The nationwide tax filing deadline is just one day away on Tuesday, April 15. If you've left your filing to the last minute and need a refresher, Newsweek has broken down everything you need to know ...

The 1040 tax form is the form taxpayers use for filing federal taxes. It’s also a form that plenty of people have trouble filling out or understanding. In fact, back in 2018, Form 1040 received an ...

Every time Sheneya Wilson, CPA publishes a story, you’ll get an alert straight to your inbox! Enter your email By clicking “Sign up”, you agree to receive ...

In 2023, 161,781,457 taxpayers filed Forms 1040 and 1040-SR, with the number of taxpayers filing these forms projected by the Internal Revenue Service to increase by about 10,000,000 over the next ...

The Internal Revenue Service (IRS) has recently released the updated instructions for the 1040-SR tax form. TRAVERSE CITY, MI, US, April 25, 2024 /EINPresswire.com ...

The Internal Revenue Service (IRS) has released tax form 1040-SR for senior taxpayers, including instructions and printable forms for the years 2023 and 2024 ...