Amounts forgiven through debt settlement may be taxed as income by the IRS. An IRS worksheet shows how to avoid paying taxes on debt settlement when you're insolvent. Taxpayers who are insolvent can ...

The IRS expects you to pay taxes on your income throughout the year, either through withholding from your paycheck or estimated quarterly payments. If you didn’t pay at least 90% of your taxes owed ...

The upcoming 2024 estimated tax payments deadline is September 15 for most taxpayers who make quarterly payments. However, millions of taxpayers have extended IRS deadlines for some 2024 estimated tax ...

You have two options for making a regular contribution to an IRA—a traditional and a Roth. Whichever option you choose, your contribution must be made by your tax-filing due date. Extensions do not ...