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

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used ...

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...

Form 1099-Q: Education savings account distributions Individuals receiving payments from a 529 education plan or a Coverdell education savings account (CESA) will receive Form 1099-Q. The income ...

Interest is one of the many benefits you can receive when you set aside money in a savings account. When you earn interest, your financial institution is essentially paying you to keep your ...

Form 1099-INT documents interest you earned on savings. For example, if you have a high-yield savings account, and the interest on that account came out to $50 this year, both you and the bank ...

The IRS treats interest earned on money in a savings account as taxable income. Your financial institution issues a 1099-INT form if you earned at least $10 in interest in the previous tax year.

Everything you need to know about a W-2 form, including when you’ll get yours and how to start preparing your tax return.

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

If you're getting ready to file your 2024 taxes, having some helpful tips can make the process smoother. Tax season is around the corner and taxpayers can submit their returns starting Jan. 27. Most ...

High-yield savings accounts and CDs were much more profitable in 2024 than in prior years, potentially leaving some taxpayers with a larger tax bill. Experts say there are some ways to defer or offset ...