In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the meaning of modified adjusted gross income, or MAGI ...

When filing your taxes, you don't want to make any mistakes, or you can trigger an audit from the IRS. These are the most ...

Think about filing your return electronically to take advantage of the step-by-step process online programs take you through.

Do you remember your very first tax return? If you filed that return before the World Wide Web arrived on the scene (1993), perhaps you talked with your parents or older siblings to learn what to do.

The survey is clearly unscientific: there’s no limit to how many times users can take it, and the IRS makes zero effort to ...

Massachusetts has a flat tax rate of 5%. An additional 4% tax is levied on income over $1 million, making the highest tax rate in the state 9%.

Intuit boasts a robust subscription model, strong financials, and deep moats via its QuickBooks and TurboTax ecosystem. See ...

The underpayment penalty is a 7% charge imposed on taxpayers who didn’t pay all of their estimated income taxes or paid estimated taxes late.

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After two failed appeals and endless phone calls with her doctor and insurer, Reisen learned about Counterforce Health, a company that uses AI to help patients craft informed appeal letters to fight ...

Things you can do before the end of the year to lower your taxes include loading up your RRSP, RESP and RDSPs, selling off ...

The Canada Revenue Agency (CRA) says it won’t require bare trusts to file tax returns and Schedule 15s for the 2025 tax year if new legislation isn’t “enacted well in advance” of the tax-filing ...