Don't let tax season catch you off guard. We break down the key differences on a W-2 and 1099 forms that directly impact your tax refund.

Age 55 is highlighted as a pivotal point for considering early retirement and associated financial strategies. Roth conversion strategies can enhance tax efficiency when retiring early, especially ...

Do you know what a W-2 form — officially termed Form W-2 by the IRS — actually is? According to the Tax Foundation, a majority of tax filers are unaware of basic tax concepts and requirements for ...

Parents who put money into their children’s “Trump Accounts” might face a headache come tax time: Even the smallest contributions may require them to fill out a little-used gift tax form that can take ...

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

For most Americans, your tax bracket is largely out of your control during your working years. It’s determined by your salary, and taxes are automatically withheld from each paycheck. But in ...

If you’re a small business owner or employee looking for a simple, tax-advantaged way to save for retirement, a SIMPLE IRA might be your best option. The IRS has confirmed that SIMPLE IRA contribution ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Forbes contributors publish independent expert analyses and insights. Leading writer and speaker in the area of trader tax benefits. The City of Los Angeles has started sending Business Tax ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...