IRA custodians are required to issue IRS Form 5498 by May 31 to report certain IRA activity for the previous year. You might receive a Form 5498 for 2023 if you had reportable deposits for your IRA, ...

Fewer taxpayers are subject to gift taxes thanks to a $12,920,000.00 lifetime gift tax exemption for 2023. Because many taxpayers do not fall under the exemption amount, they do not necessarily have ...

The Child Tax Credit (CTC) is a valuable benefit for families in the United States, designed to provide financial support for raising children. It allows eligible taxpayers to reduce their federal ...

As the deadline for Americans to file their taxes approaches, the Internal Revenue Service (IRS) put out a series of guidelines to avoid errors which could slow down or even stop their federal tax ...

If you don't know the difference between a W-2 and a W-4 or a 1040 and a 1099, you're not alone. Everyone needs to understand how every IRS tax form is used and when to use them. There are many forms ...

Lucy Lazarony is an experienced personal finance journalist and writer who got her start in 1998 writing about financial topics. She writes accessible and easy-to-understand articles about credit, ...

The IRS had made huge progress in trying to be transparent about the refund process. But, with every step forward, there are ...

With the official green light to start filing 2022 taxes, taxpayers can now start preparing all of their documents and get ready to file. However, this time of year can also lead to frustration, ...

Mary-Elisabeth is an associate writer on CNET's How-To team. She's a recent graduate of UNC-Chapel Hill's English Department, and resides in Charlotte, North Carolina. On the How-To team, she covers a ...