As the 2025 tax season approaches, U.S. taxpayers must prepare to file their 2024 tax returns. The IRS provides crucial resources and updates to ensure accurate and timely submissions. Understanding ...

At the same time, the Internal Revenue Service is planning to close over 100 in-person Taxpayer Assistance Centers.

"2024 Instructions for Form 2441," Pages 1-3. Internal Revenue Service. "Credits and Deductions." Internal Revenue Service. "Publication 503, Child and Dependent Care Expenses," Page 14.

potentially resulting in a refund or reducing your tax liability. If you received a Form 1099-B, which reports proceeds from broker and barter exchange transactions, filing might be necessary.

The IRS Child and Dependent Care Credit can significantly reduce your federal income tax. If you’ve paid for care to enable ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

Taxpayers can find more information on Form 8936, Clean Vehicle Credit. More information on these and other credit and deduction changes for tax year 2024 may be found in Publication 17 ...