Your IRS Audit Risk Goes Up If You Have This Trade Habit
Few things inspire fear the way an IRS audit does. With that in mind, certain kinds of traders should keep a particularly watchful eye on their taxes.
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Your IRS Audit Risk Increases If You Make This 401k Mistake
While most would consider a 401(k) a standard part of retirement planning, there are instances when accessing these accounts can flag the IRS on your taxes.
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The Deduction That Could Increase Your Risk Of An IRS Audit
Claiming this tax deduction is one of those notorious red flags that gets a second look from the IRS, so be sure you understand the rules before taking it.
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The World's Wealthiest People Have These Tax Breaks In Common
Wealthy individuals and households enjoy a slew of tax advantages and workarounds that those less fortunate can't take advantage off.
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The IRS Is More Likely To Consider You For Audit If You Make This Expense Mistake
Most taxpayers aim to avoid an IRS audit at all costs, but certain seemingly normal claims could end up triggering an audit despite your best intentions.
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11 Red Flags That Could Increase Your Risk Of An IRS Audit
There are many factors that can increase you're likelihood of an IRS audit, particularly if you run a business or claim certain exemptions.
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Will The IRS Call You? Don't Fall For These Scams
Knowing when, and how, exactly, the IRS might contact you in the event of an issue can be the key to keeping your information safe from would-be scammers.
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The IRS Is 4 Times More Likely To Consider You For An Audit If You Make This Much Money
Taxes can be an arduous process, especially if you're concerned about audits. For those in certain income brackets, this concern is especially warranted.
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New Social Security Anti-Fraud Policy Will Start Affecting Retirees In August
Social Security recipients may be required to go to the nearest Social Security office to make changes to their account, according to a proposed rule.
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The IRS May Be Eyeing You For An Audit If You Have This Type Of Vehicle
If you bring a work vehicle home at night, it's important to the IRS to make sure personal miles are logged separately from business miles.
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Personal Items The IRS Can Take If You Don't Pay Your Taxes
The IRS can levy some personal belongings in the event that you have unpaid taxes, but it will always provide ample notice and time to settle up.
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Retirees Who Will Be Eligible For The Big Beautiful Bill's 'Senior Deduction'
While there is a lot to understand about Trump's One Big Beautiful Bill Act, some seniors could be in for a tax break thanks to the bill's senior deduction.
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The One Thing Social Security Got Wrong About The 'Big Beautiful Bill'
Following the passage of Donald Trump's One Big Beautiful Bill, there is ample confusion surrounding taxes on Social Security benefits.
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The Social Security Salary Cap Is Increasing In 2025. Here's How Much.
For higher wage earners, the 2025 Social Security salary cap increase could mean having more income counted towards your eventual retirement benefits.
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Homeowners Pay 2.06% Above Market Value To Live In This American City
Residents of this Illionois city pay more in property tax than most residents around the country for a variety of factors, but it's not all bad news.
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You've Been Warned: Throwing These 5 Financial Documents Away Could Cost You
There are some important financial documents that you should hold onto forever, not just in case of IRS audit but for insurance or other reasons.
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Retirement Accounts The IRS Can Garnish If You Don't Pay Your Taxes
The Internal Revenue Service has broad authority to garnish, levy, or lien your financial and personal assets if you owe back taxes.
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Seniors Should Ask For This Tax Form To Make Filing Taxes Way Easier
If you prefer using a pen and paper to file your taxes every year, you might want to consider using a special tax form that is catered to seniors.
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The IRS Will Flag You If You If You Break This Bank Account Rule
While there can be a lot to know about IRS requirements, foreign accounts and assets can present their own unique rules you'll want to make sure to follow.
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The IRS Might Flag You If Your Annual Income Is Higher Than This Number
The odds of being audited by the IRS increase with your income level, with specific metrics used to determine the need for increased scrutiny.
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The U.S. Just Posted The Most Stunning Financial Number Of Trump's Presidency - Here's What It Means For Your Wallet
The U.S. government posted a budget surplus in April, the first time this has happened since 2022, and it had an immediate effect.
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You've Been Warned: These Child Tax Credit Mistakes That Could Stop Your Refund
If you fail to follow the correct procedure when claiming the Child Tax Credit, your tax return could be rejected or worse, it could trigger an audit.
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The New York Law That Could Start Costing Residents A Ton Of Money
When New York State implemented a law that an important produce must be produced within the United States, the burden of paying for it went to taxpayers.
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The Tax Mistake That Could Get You Booted From The 'Upper Class'
Many wealthy individuals find themselves falling victim to poor tax planning, which can significantly reduce their net worth over time.
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States That Exempt Social Security Income: A Complete List
When considering a place to call home during retirement, these states offer the budgeting advantage of not taxing your Social Security.
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The Tax Refund That Can Make Some People $8,000 Richer
The IRS estimates that one in five eligible taxpayers don't apply this important tax credit to their filing every year, resulting in the loss of thousands.
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Choosing The Wrong Tax Filing Status Could Cost You Money
Filing your taxes can be stressful enough as it is, but mixing up your filing status can lead to an even bigger headache not to mention a delay in your return.
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