"It's taxable income," said Matthew Foreman, a tax attorney and partner at law firm Falcon Rappaport & Berkman. The winnings are income even if the prediction platforms don't send a notice formally ...

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

No matter what line of work you’re in, your goal may be to see your income increase from one year to the next. So if that’s ...

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

The Minnesota Department of Revenue will open the state individual income tax filing season Jan. 28. For Minnesotans’ benefit and convenience, this date matches the opening day for the ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

The child tax credit provides big benefits for families with children, but you may have to wait a bit longer for your tax ...

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

The Child Tax Credit (CTC) is a SUPER credit because it can create a $2,000 per child reduction in your tax liability for ...

A Republican lawmaker made an unusual suggestion during a public hearing Thursday on a bill that could lead to a fart tax on ...

First, the new Stay NJ benefit, which is supposed to cut property taxes by up to 50%, capped at $6,500, for seniors who earn ...