Tax Planning

Tax Day marks the deadline for Americans to get their tax returns in and paid. If you can't file by Tax Day on April 15, make sure to file an extension to avoid fees.

If you are unable to file your taxes by the deadline, you can apply for a tax extension. You can apply online for an extension, and there are no qualifications needed to apply.

If you have received $20,000 from over 200 transactions through third-party payment processors, like Venmo, you'll need to report this information to the IRS.

Early tax filers are seeing smaller tax refunds in 2024, according to IRS data.

Tax companies like TurboTax, Jackson Hewitt, H&R Block and Cash App Taxes are popular to file with. They all offer different rates and services for customers.

The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.

Although student debt discharged is exempt from federal tax due to the American Rescue Plan Act of 2021, some states may still tax the savings, according to a report by the Tax Foundation.

Tax pros say the end of federal COVID-19 stimulus money is prompting many Americans to file income tax extensions instead of rushing to file their Form 1040s with the IRS.

All taxpayers should keep detailed records of their tax filings to avoid the headaches associated with audits from the Internal Revenue Service.

Millions of taxpayers across the United States must pay various taxes to the state, local, and federal governments every year, which help fund public works.

Small businesses and self-employed contractors must pay taxes based on different factors, including their business structure and location.

The history of income tax in the United States dates back to the Civil War and is one of the most important avenues of revenue for the federal government.

For millions of Americans across the country, state income tax can be an additional burden to deal with during the height of the tax season.

Over a hundred million taxpayers across the United States must file their individual income tax returns by the April 15 deadline on Tax Day.

If you're trying to receive the most money from your tax returns this year, the Marks Group president and CPA Gene Marks gives best filing tips for individuals and businesses.