Do I Report My HSA Account On The FAFSA? This question is about FAFSA parent assets. No — you don’t report your Health Savings Account (HSA) balance as an asset on the Free Application for Federal ...

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

This easy tax filing system, which was previously provided through the IRS, will no longer be available to filers in 2026 ...

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new tax deduction for paying interest on vehicle loans ...

Learn about the Additional Child Tax Credit, including its definition, claiming process, and special circumstances. Discover the benefits and drawbacks.

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

If you’re self-employed or own a business, you may be wondering if it’s possible to get a mortgage. The short answer is yes, but the process ...

Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for certain tax benefits or tax breaks or to determine if you're subject to ...

The 2025 income limit for the tax credit for lower-income workers who save for retirement will increase slightly to $39,500 for individuals. The IRS published a draft of the 2025 version of Form 8880, ...

The Internal Revenue Service continues to seek feedback regarding the draft instructions for Form 6765 and is extending the dates for reporting requirements related to the Credit for Increasing ...

According to Forbes, it is important to check all 1099 forms before filing. Most come in late January or early February but some may come throughout the year. If a 1099 is missing or has an error, you ...