Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Copy B is for you to file with your tax return, and Copy C is tax information for your records. A Copy 2 of your W-2 form may also be included and reflects any state, city, or local income tax ...

Most West Virginia vehicle taxes paid on time in 2024 will be reimbursed to residents in the form of a credit on their income ...

Your return ... or property tax credits. You also may need a 1098-T for education tax breaks or receipts to claim the child and dependent care tax credit. As your tax forms arrive ...

The IRS has “very sophisticated software” that compares information returns with what’s reported on your filing.

For federal estate and gift tax purposes, transfers are valued at the “fair market value” of the asset on the date of transfer. One of the more ...

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

If you are a West Virginia resident doing your state tax return and in need of a tax credit number to claim your first-time vehicle tax rebate, that information is being mailed out now by the West ...

In this case, "you'll file a personal tax return and report your profit and loss on Schedule 1 (Form 1040) Additional Income and Adjustments to Income," said TaxSlayer. If you have "capital gains ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

Don't miss the latest investment and personal finances ... completing a MATCF form –– available on gov.uk. You can also opt to do it through a self-assessment tax return if you’re already ...