The $1.9 trillion Covid relief bill gives a tax break on unemployment benefits received last year. The measure allows each person to exclude up to $10,200...

You can get Social Security retirement benefits as early as age 62. However, we’ll reduce your benefit if you start receiving benefits before your full re...

Form 8938 Use Form 8938 to report your specified foreign financial assets if the total value of all the specified foreign financial assets in which you ha...

If you are using it more than 50% of the time for business purposes, then you can deduct the cost of the computer. If you are using it for just personal r...

Key Takeaways: There is no limit to the number of traditional individual retirement accounts, or IRAs, that you can establish. However, if you establish m...

Even though you may not have tax liability at the time you receive a home as a gift, homeowners usually have to pay real estate taxes to state and local g...

Find out what to do if you can’t pay what you owe by May 17. An extension to file is not an extension to pay the taxes you owe. Get details on the new tax...

Copies of your Utah driver’s license, voter registration, and, if applicable, vehicle registration. Verification of your residency status at the out-of-st...

If you own rental real estate, you should be aware of your federal tax responsibilities. All rental income must be reported on your tax return, and in gen...

Yes, you can reduce your taxable income by up to $4,000. Some college tuition and fees are deductible on your 2020 tax return. The deduction is worth eith...