Another tax year is upon us, and although filers don’t have to grapple with big changes to the rules as they prepare their 2024 returns, taxpayers’ circumstances change from year to year and there are ...

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When looking for a professional to answer your tax questions, you want to search for certified public accountants (CPAs). Many CPAs specialize in preparing tax returns for both individuals and small, ...

The 2024 tax filing deadline may have come and gone, but that doesn't mean your chance to file has disappeared with it. A significant number of Americans miss the tax deadline every year, some ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Got questions about the new deductions for tips, overtime, seniors and car loans? Here’s what you’ve been asking—along with my answers—about those, as well as other updated tax provisions. The One Big ...

About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their ...

New deductions for seniors, tipped workers and overtime, plus a tax hit on gamblers, have generated confusion, misinformation and outrage. Misinformation about the One Big Beautiful Bill Act (OBBBA) ...

Certified public accountants may become harder to find for tax preparation services as a number of CPAs are retiring and fewer young people are entering the profession. Even though April 15 is fast ...

Direct File is the IRS free tax preparation software program. Direct File is currently in its pilot phase, available in 25 states. To use Direct File, you have to meet certain criteria. If you don’t ...

Missing a tax deadline can leave you with penalties and late fees but going to prison is rarely the first step by the IRS. Jasmine Johnson is an Accredited Financial Counselor and Accountant. She has ...