Each January, your mailbox and email are likely filled with tax forms. You'll receive a W-2 reporting your wages if you work for an employer. But if you do any self-employed or freelance ...

(The standard deduction for tax year 2024 is $14,600 for single filers and $29,200 for joint filers, 5.4 percent higher than 2023 ... on a form 1099-K, 1099-MISC, 1099-NEC, W-2, or other income ...

you could receive multiple forms Threshold for most states is $5,000 — though some are lower A rule established in 2023 requires third-party payment apps to send you a 1099-K tax form if you meet a ...

Form 1099-MISC and Form 1099-NEC. Many employers are likely familiar with Form 1099-MISC. For years, business owners used it to report payments for rent, royalties, medical and healthcare payments and ...

CNBC Select explains how to file your taxes safely and accurately to avoid mistakes, penalties and scam artists.

In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.

Don't panic. Here's what you need to know about this tax from. The IRS said the 1099-K form is a report of payments you received for goods or services during the year if you made any money or ...

A notable development is Montana's introduction of the Form 1099-DA mandate, reflecting a broader trend toward increased oversight of digital asset transactions. This article provides an overview of ...

The overstated withholding scam: This recent scheme tells people to fill out “W-2, Wage and Tax Statement, or other forms like Form 1099-NEC and other 1099s” with false income and not report the ...

Here's when the last day to file taxes is, a quick breakdown on some new forms for the 2024-25 tax season and how to track your tax refund.