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 ...

Form 5329 reports a taxpayer's use of a tax-advantaged savings plan that is subject to an IRS penalty. The form is filled out and submitted by the taxpayer with an annual Form 1040 or Form 1040-SR.

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 IRS is currently sitting on about $92.3 million, ready to be dispersed among 116,300 state taxpayers who have yet to file their returns for that tax year, the agency said in a news release ...

If you owe a lot in taxes each year, the IRS notes, you can ask your employer to withhold more tax from your earnings. You'd file a new Form W-4 with your employer. You can use a special line on ...

The phishing scam contains a fake link that mimics an official IRS website. Clicking on it could lead to malware or a fraudulent form asking for personal or financial information. Be aware that ...

Scammers pretending to be from the Internal Revenue Service (IRS) have been texting taxpayers ... loaded on your device or to "a fraudulent form asking for personal or financial information." ...

Elon Musk and his Department of Government Efficiency (DOGE) ignited another controversy by requesting unprecedented access to the IRS' most sensitive data systems. That data includes Social ...

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The IRS has said more details can be found in Form 8839 and its instructions. A tax credit is available for eligible previously owned clean vehicles purchased and placed in service after 2022.

The agency has begun laying off more than 6,000 new employees, sources say. The Internal Revenue Service on Thursday began laying off more than 6,000 new and newly promoted employees across the ...