With that said, the 1040-SR form includes explicit language about this deduction. As Schreihans explained, "It's printed right there on the front of the form." ...

E-filing of Form 1040 and Form 1040-SR can be done at www.myguamtax.com. DRT encourages taxpayers to file these online. Taxpayers may register to file online using the link.

You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or 1040-SR. The Tax Cuts and Jobs Act (TCJA) nearly doubled the standard deduction and improved several ...

To report this income, fill out Form 1040 or Form 1040-SR and any taxable portion of your annuity income on Form 1040 or Form 1040-SR, Schedule 1.

Living life outside is part of the Colorado lifestyle, and Colorado Parks and Wildlife (CPW) is committed to ensuring that every Coloradan, regardless of their financial situation, ...

In 2024 (taxes filed in 2025), the state and local income tax deduction allows you to deduct up to $10,000 ($5,000 if married filing separately) for a combination of property taxes and either ...

Add up the money you spent on your own healthcare for the year. Use IRS Form 1040 or 1040-SR. Enter your Medical expenses on lines 1 through 4 of the Form 1040 or 1040-SR.

Salaried employees will soon receive their Form 16 for Assessment Year 2025–26, featuring a more detailed breakdown of salary components and newly integrated tax disclosures.

This capital gains tax calculator helps estimate the taxes you'll pay on profits or losses from the sale of assets such as real estate, stocks and bonds for the 2024/2025 tax filing season.

For example, for tax-year 2024, barring changes in tax law, to owe $7,500 you’d need a taxable income (IRS Form 1040, line 15) of at least $55,400 as a single filer, $62,700 for a head of ...

The Senate’s new One Big Beautiful Bill Act includes what lawmakers are calling a “senior bonus.” It’s shaping up to be one ...

2024 Tax Brackets (Taxes Were Due In April 2025) The 2024 tax year (and the return due in 2025) included these seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your filing status ...