Text Callout : Key Takeaways - What Is a 1040 Tax Form and How Does It Work? The 1040 tax form is the form taxpayers use for filing federal taxes. It's also a form that plenty of people have trouble ...

With the 2025 tax season underway, the IRS Free File partnership could be just what you need to get your taxes done with ease and for $0. Macy Meyer is a North Carolina native who graduated from ...

This isn’t enough to meet your federal tax liability when you file your Form 1040 individual tax return, so you’d owe $7,001 in taxes: $14,501 - $7,500 = $7,001. The IRS would refund you $499 ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

An IRS Form 1095 will give you proof of health insurance for your taxes. No, you no longer need to prove you have health insurance on your federal tax returns. This change happened in 2019 when ...

The Internal Revenue Service is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the ...

WASHINGTON -- The IRS is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the situation.

The budget of Sri Lanka for 2025 has unveiled some indirect tax proposals that target increasing the revenue of the government and providing economic stability. These taxes have no direct bearing on ...

Sri Lanka’s service exports revenue is likely to suffer a negative impact by imposing a 15 per cent tax with effect from April on freelancers, you-tubers, individuals and corporates that provide ...

Foreign exchange income earned from exported services is to be taxed, removing a longstanding exemption. “The concessionary tax rate of up to 15% for individuals and a flat 15% for companies will come ...

Two Tax Bills to amend the principal Value Added Tax (VAT) Act and the Inland Revenue Act were published in the gazette last week. The Inland Revenue Amendment Bill introduces income tax refunds- ...

The tax collector has so far denied the request because of concerns it violates taxpayer privacy laws. By Andrew Duehren Reporting from Washington The Department of Homeland Security has pushed ...