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Charitable contributions are deducted as part of a taxpayer’s itemized deductions on IRS Schedule A, except for the special 2020 and 2021...

You may hear people use the term “Stepped-Up Basis” that many believe is a tax provision that allows beneficiaries of an inheritance to...

Although gambling may seem to be a recreational activity for many taxpayers it is not for THE government. They look at it as a source of...

The annual inflation rate in the U.S. accelerated to 7.5% in January of 2022, the highest since February of 1982, hitting those on fixed...

Many taxpayers use the Where's My Refund tool and wonder what "Return being processed" means for them and their refund. The answer: not...

March 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during February, you are...