The IRS has announced a one-time financial support of $1,700 for eligible families through the Child Tax Credit (CTC). This ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

The “Halt All Lethal Trafficking of Fentanyl Act” would amend the Controlled Substances Act to include fentanyl as a Schedule 1 drug, meaning it has no "accepted medical use and a high potential for ...

If you've been paying for health insurance premiums and want to know whether those payments are tax deductible, you're in the ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

A number of tax breaks, including the home mortgage interest deduction, are in peril as lawmakers hunt for revenues to pay ...

Hard copies of forms will be available at DRT’s Income Tax Branch. Guam Forms 1040 and 1040-SR can be accessed at www.myguamtax.com and www.guamtax.com. For additional forms or instructions ...

In recent years, the utilization of qualified small business stock (“QSBS”) has grown considerably. Many businesses are ...

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and ...

Recent changes have reshaped how this tax deduction works. So, we asked tax and financial experts to answer common questions ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...