Ohtani has decided to defer $680 million of the contract until after his playing days are over, meaning he’ll take in roughly $2 million of salary each year for the duration of the contract that will run through 2033.

Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025.

Did you know when you’re getting ready for tax season, there are two types of preparation methods?

A donor-advised fund, or DAF, is a giving account established at a public charity.

For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.

Here are facts and figures of the OECD’s plan and what it hopes to achieve.

Diapers will be tax free in the state of Florida, beginning on July 1.

You likely know what “income” means, and of course you’re aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?

Whether you’re new to owning your own business or a seasoned vet, taxes can be so stressful. It’s easy to overlook things or simply forget an item here and there.

The beginning of the year is a great time to set your sights on saving more money.

If you’re expecting a generous refund this season, you’ll want to make that money work as hard as you do.

Tax havens, also known as offshore financial centers, are a country or jurisdiction that has minimal tax liabilities to foreign individuals or businesses.

Tax season is officially here, meaning you have the next couple months to get those returns filed! This year’s IRS deadline is April 18.

If you’re looking for ways to gift some money, to ultimately lower the value of your estate or tax liability for the year, you’ve come to the right place.

For those who plan on donating to a charitable organization for Giving Tuesday, there could be some opportunities to receive money back when filing taxes next year.

This year’s annual back-to-school sales tax holiday has been expanded to 10 days, giving busy parents more time to prepare for their children heading back to school.

Time is running out to claim tax returns for 2017 and more than 89,000 Floridians have unclaimed returns

If you already anticipate needing some extra time to file your federal tax return, there’s some good news. You can always file for an extension.

If you grew up watching your parents get stressed around tax season, then you're probably not looking forward to filing yourself for the first time.

Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

For those who will have to pay money on their tax returns, a big question usually follows once the amount owed is determined: Should I put this tax bill on my credit card?

Even if we think we have some knowledge about anything tax-related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

Tax season can be a reason to laugh, as these famous TV episodes showed.

A common aspect of the COVID-19 pandemic over the past two or so years has been more employees working remotely, but that doesn’t necessarily mean all those people were working from their homes.

Willie Nelson owed millions in taxes, so the IRS came up with an idea to help.

Tax season is busier than usual for professional athletes and the people they put in charge of their taxes.

These 10 celebrities found out the hard way not to mess with the IRS.

Are you knee-deep in receipts, 1099 forms and W2s? Or are you all done?

When you hear someone say that he or she is an accountant, do you think of taxes right away?

If you’ve finally gotten your taxes filed, you’re probably ready to put it all away and move on. Have you considered which documents you should keep? And for how long?

When it comes to tax write-offs, many people will stretch the limits to see what they can get away with.

It is easy to put off doing your taxes until the last minute. No one likes to deal with the IRS, and sometimes, procrastination happens as a result.

There’s one day each year that sticks out to American taxpayers everywhere, and this year is April 18: Tax Day. But to another group of people -- the ones who make quarterly payments -- there are three other times a year to pay up.

For those who turned to unemployment benefits last year, with tax season upon us, you might be wondering how it’s all going to shake out when it comes to filing your income taxes. But here’s the thing: You still have to pay federal taxes on said unemployment benefits. It ensures you won’t have that burden later, giving you a head start when tax season approaches. Pay quarterlyIf you didn’t have your taxes withheld, another option is to send quarterly estimated taxes on that money to the IRS. When quarterly taxes are due:When you get paid Tax due date Jan. 1–March 31 April 15 April 1–May 31 June 15 June 1–Aug.

Regardless of whether you’ve paid someone for help or tried to do it on your own, even just gathering all the data you need for filing your federal income taxes can seem daunting.

Earlier this week, the IRS announced the 2021 tax year annual inflation adjustments for more than 60 tax previsions. Those include tax rate schedules and other tax changes. The following are the 2021 tax rates, which will be used when filing taxes in 2022 for the previous year of income. Taxpayers with lower incomes with have lower federal tax rates. Click or tap here to learn about more changes that have come with tax inflation adjustments for tax year 2021.

The clock’s winding down on the extended tax season, and for those who might have procrastinated, we’re here to fill you in on your options, so you can decide for yourself which tax preparation service is best for you. With the help of Consumers Advocate, we’ve provided a comprehensive list for you. Click on the following company names to learn more about how the services they provide stack up: Jackson Hewitt | TaxPoint | Taxbrain | OnePriceTaxes.

MIAMI The July 15 deadline to file and pay taxes or to request an Oct. 15 extension or a payment plan is in a week and two days. EARNING $69,000 OR LESSFor those whose 2019 adjusted gross income was $36,000 or less, the IRS is providing the Free File program by TurboTax, or the Free Tax USA tool. For those whose income was $69,000 to $14,000, the IRS provides the free OLT service. For those whose income was $69,000 to $9,000 and they are 65 years old or younger, there is this free tool. EARNING $69,000 OR MOREThe IRS recommends the use of commercial software or accounting businesses that qualify as e-File providers.

Have you ever seen this quote floating around the internet? “Impossible only means you haven’t found the solution yet.”

WASHINGTON – The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said late last week. Mnuchin announced the decision in a tweet Friday, saying that at President Donald Trump’s direction, “We are moving Tax Day from April 15 to July 15. The delay is available to people who owe $1 million or less and corporations that owe $10 million or less. It is expected that many states will follow the lead of the federal government and delay their tax filing deadlines as well but that will be a state by state decision. The administration is working with Congress to develop a $1 trillion support package and Mnuchin has said the IRS payment delay will add $300 billion to that effort.

Tax season and credit cards seem to go hand-in-hand like peanut butter and jelly, at least if you believe the findings of a recent study conducted by Credit Card Insider. Using SurveyMonkey to conduct an online survey of 3,114 adults from Feb. 3-5, Credit Card Insider found out the following information when it comes to how important credit cards are for people during tax season. 14% of respondents who expected to owe this year planned on using a credit card to pay their taxes. Of those expecting a tax refund, 40% had credit card debt. 75% of those with debt plan to use their tax refund toward paying it off.

MIAMI – The 17th largest employer in South Florida is providing qualifying individuals with free tax preparation. The last day to take advantage of this free service is Saturday, March 28. Senior student volunteers from the University of Miami, who have been trained and certified by the IRS, are carrying out this service made possible through the IRS-sponsored Volunteer Income Tax Assistance (VITA) program. It is offered on a first-come-first-serve basis at the Goodwill South Florida headquarters, located at 2121 NW 21st St. in Miami. Goodwill South Florida expects to help an estimated 150 families this tax season.

But listen, if you’re thinking you might be getting a refund, that’s pretty good incentive to get it taken care of. If IRS accepts return by: Direct deposit sent (or paper check mailed one week later): Feb. 3 Feb. 14 (Feb 21) Feb. 10 Feb. 21 (Feb 28) Feb. 18 Feb. 28 (Mar. 6) Feb. 24 Mar. 10) March 29 Apr. Are you currently waiting on a refund?

Figuring out what you owe can be complicated, here is some information to understand what is taxable under Social Security. Social Security is taxable at three different levels, based upon how much other income you have and your income tax filing status. This is 50% of your household Social Security benefits plus all of your other taxable income, plus any tax-free income. These breakpoints are the same if your filing status is Married Filing Separately and the couple does not live together during the tax year. If your Provisional Income (defined above) is less than the first breakpoint based on your filing status, then none of your Social Security is taxable.

To avoid the chaos that can come with filing taxes, use these tips to start preparing for next year's return. Start filing: Dedicate a box to all of your documents that you will need to file next year's taxes. When it's time to do your taxes all of your materials will already be gathered. Find a tax specialist: If you are in the need of a tax specialist for next year, now is the time to look. Keep a list of questions: If you have questions throughout the year about your taxes, keep a running list so you can ask your tax professional when it is time to file.

If you have not yet filed your taxes - here are three tips for homeowners that will save money, headaches, and more! This is the mortgage interest statement that will get you tax breaks due to mortgage interest and property taxes. If you make under $64,000/year, you likely qualify for free tax prep software from the IRS. Even if you are making over this, a good accountant can save you money by spotting deductions you might not know to look for. Be sure to keep your eye out for other tax breaks as you do maintenance, upgrades, or renovations on your home throughout the year, too!

Many Americans are fascinated with the concept of the "million-dollar idea." Many of the big million-dollar (or billion-dollar) ideas of this generation are related to technology, from Apple and Microsoft to Google, from MySpace and YouTube to Facebook. Here's a small sampling of million-dollar ideas, past and present. Great Depression Basic: Spic and Span The problem with economic hard times is that even if an inventor comes up with a million-dollar idea, who's going to buy it? Ron Popeil wasn't a man with just one million-dollar idea.

By Kevin Hagen, Contributing writerIf you can't pay your taxes, you should file your return anyway to avoid a late filing penalty. If after preparing your tax return you find that you owe taxes and don't have the money to pay, you have some options. File Your Return When you can't pay your taxes, you should file your return anyway. If you don't, you will be charged a late filing penalty in addition to late payment penalties and interest. There is a fee for requesting an installment agreement, and late payment penalties and interest accrue on the balance.

If your preparer commits fraud, the tax payer is responsible. Follow these tips from the IRS to select a qualified preparer:- Avoid preparers who claim they can get you a larger refund than someone else. - Choose a professional who signs your tax return and gives you a copy for your records. - Choose a preparer or a firm who will be around potentially years down the road to answer questions about your tax return – especially if you get audited. - Check the preparer’s credentials.