Credit for other dependents: If you have children or other dependents who were 17 or older at the end of 2024 ... Both the LLC and AOTC are reported on IRS Form 8863. You are allowed to claim ...

Filed and forgot it? Most people don’t think about needing a previously filed tax return from a past year until they need it in dire straits. Whether you were audited ...

AARP is urging Hollywood to age up. A new study released Friday by the organization finds that most adults age 50 and older are more likely to support movies and TV programs that included ...

Tax filing season is underway and so is the search for free options to file for your refund, such as IRS Direct File … or not, since Elon Musk said he deleted the program earlier this week.

If your tax situation is simple, such as having only a Form W-2 with a few tax deductions and credits, choosing a free option is a great idea. However, if your tax return is complicated ...

As word of the website disruptions has spread, informal collaboratives of nonprofit, academic and other users have begun ...

How To Opt for Old Tax Regime Currently, a taxpayer with income from a business or profession is required to file Form 10IE to opt for the new tax regime. This form was introduced in October 2020.

You'd need to use third-party software, a paper form or find a tax professional. Taxpayers who don't qualify for Direct File might still be eligible to use WisTax. More information about ...

Those receiving the full New State Pension won't pay income tax. However, older individuals with additional income from employment or private or workplace pensions may be liable for tax.