Now the IRS is taking weeks to correct its mistake and Betty, who is living on a fixed income, is struggling to cover her living expenses. Check out the video below.
From getting a tax refund to discovering new tax credits that can put more money in your pocket, here are eight reasons to love tax season!
The Affordable Care Act makes it a shared responsibility of individuals, employers and government to ensure that as many people as possible have health insurance. The law does not require all U.S. employers to offer health insurance to their workers. Rather, only employers defined by federal regulations as "applicable large employers," or ALEs, must make insurance available or pay a penalty.
If you're currently paying off a student loan, you may get Form 1098-E in the mail from each of your lenders. Your lenders have to report how much interest you pay annually. Student loan interest can be deductible on federal tax returns, but receiving a 1098-E doesn't always mean you're eligible to take the deduction.
From Fantasy Football to alimony payments, here are 10 things taxed by the IRS that might surprise you.
Any year you have minimal or no income, you may be able to skip filing your tax return and the related paperwork.