In mid-October, the Social Security Adminstration announced a historic cost-of-living adjustment (COLA) to benefits for 2022. The 5.9% COLA increase i...
Nonitemizers can write off up to $300 for 2021 in charitable cash contributions as an above-the-line deduction on their 2021 Form 1040. This means fil...
The good news is that the IRS is making progress on processing returns. As of June 25, there were 16.7 million 2019 and 2020 Forms 1040 waiting for ac...
There are lots breaks for buyers of business vehicles under the tax laws. The annual depreciation caps for passenger autos rise a bit in 2021. If bonu...
Here's an idea to help a child or grandchild who is working this summer: You can contribute to a Roth IRA for him or her up to $6,000 in 2021, but not...
Still waiting for your tax refund on your timely filed 2019 or 2020 return? Millions of others are in the same boat if that makes you feel any better....
