Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

Form 2441 is used for claiming child and dependent care expenses Investopedia / Zoe Hansen IRS Form 2441 calculates the amount of the Child and Dependent Care tax credit an eligible family can claim ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

Considers Standard Insurances v. IRS where a taxpayer sought declaratory and injunctive relief in the U.S. District Court ...

Schedule C is an IRS tax form that reports profit or loss from a business. Sole proprietors or single-member LLCs typically use the form. Many, or all, of the products featured on this page are from ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

Expanded state filing options extend TaxBandits’ compliance coverage ahead of 2026. ROCK HILL, SC / ACCESS Newswire / December 17, 2025 / TaxBandits, an IRS-authorized e-file provider, has expanded ...

How much you owe the IRS at tax time is determined by the tax brackets you're eligible for. For tax year 2025 (filing in 2026), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Each ...

As a small business owner, you have a lot on your plate and filing your taxes might seem like an overwhelming task. But the right online tax-filing software can save you time, money and stress. CNBC ...

President Trump’s order to freeze federal civilian hiring includes an extra squeeze at the Internal Revenue Service. Under the order signed Monday, all agencies have hiring frozen for up to 90 days ...

For the first time since President Donald Trump rolled out his sweeping global tariff program in April, month-over-month customs receipts declined in November. Last month, the U.S. government ...

Long-term capital gains tax rates encourage holding assets for over a year to reduce tax liabilities. Short-term capital gains are taxed as ordinary income, potentially increasing tax burden for ...