Gorodenkoff | Istock | Getty ImagesMany women today are looking for "financial peace," said Jean Chatzky, founder and CEO of HerMoney.What that means: "It looks like being able to meet my obligations today, while being able to save for tomorrow," said Chatzky, speaking at CNBC's Women & Wealth event on...
Category: Wealth
IRS free tax filing program will open to all eligible filers in pilot states on March 12
Valentinrussanov | E+ | Getty ImagesThe IRS has unveiled final testing for Direct File, the agency's free tax filing program, with plans to fully open in 12 pilot states on March 12.Starting March 4, Direct File will expand final testing for eligible new users to begin federal returns, with availability...
IRS targets wealthy ‘non-filers’ with new wave of compliance letters
IRS Commissioner Daniel Werfel speaks during an IRS event in McLean, Virginia, on Aug. 2, 2023.Alex Wong | Getty ImagesThe IRS has unveiled plans to target "non-filers" with a new round of letters, starting with high-income taxpayers who haven't filed federal returns since 2017.Starting this week, the agency will send...
This IRS issue is ‘the biggest, most consistent problem’ for taxpayers, expert says
Getty ImagesIf you're expecting a tax refund this season, you can avoid delays by filing a complete and accurate return. But first, you'll need to gather your tax forms.You get tax forms such as W-2s and 1099s from employers and financial institutions each year. Those entities also send the IRS...
Your home sale may leave you in a tax shock. Here’s how to reduce your capital gains tax bill
Witthaya Prasongsin | Moment | Getty ImagesDespite a slump in U.S. home sales, many homeowners made a profit selling property in 2023. Those gains could trigger a tax bill this season, depending on the size of the windfall, experts say.In 2023, home sellers made a $121,000 profit on the typical...