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Extracted Claims (18452)

You may need to track that information down yourself or use a tool to properly calculate any gains or losses, said Andy Phillips, vice president of H&R Block’s Tax Institute. 0.950

👤 Andy Phillips 📋 News Article 🏷️ Finance

Simplified: You may need to track that information down yourself or use tool to properly calculate any gains or losses

1 sources

2 months ago
It’s back. 0.950

👤 The author 📋 News Article 🏷️ Finance

Simplified: It is back

1 sources

2 months ago
It could cause you to pay more in taxes for tax year 2026 than you might have the previous year, all things being equal. 0.950

👤 The author 📋 News Article 🏷️ Finance

Simplified: It could cause you to pay more in taxes for tax year 2026 than you might have previous year all things being equal

1 sources

2 months ago
For tax year 2025, crypto exchanges and brokerages are required to send taxpayers a new form, called the 1099-DA, which will detail taxable transactions that they must report. 0.950

👤 The author 📋 News Article 🏷️ Finance

Simplified: For tax year 2025 crypto exchanges and brokerages are required to send taxpayers new form called 1099-DA which will detail taxable transactions that t...

1 sources

2 months ago
The I.R.S. had already required you to report any capital gains or losses tied to crypto or other digital assets on your federal tax return. 0.950

👤 The author 📋 News Article 🏷️ Finance

Simplified: I.R.S. had already required you to report any capital gains or losses tied to crypto or other digital assets on your federal tax return

1 sources

2 months ago
If you reached the end of a federal income-driven repayment plan in 2025 and haven’t had your loans officially forgiven yet, you will still be eligible for the break — as long as you had enough qualif... 0.950

👤 Experts 📋 News Article 🏷️ Finance

Simplified: If you reached end of federal income-driven repayment plan in 2025 and haven’t had loans officially forgiven yet you will still be eligible for break...

1 sources

2 months ago
Canceled student debt usually counts as taxable income (there are exceptions, including for debt that goes away via the Public Service Loan Forgiveness program). 0.950

👤 The author 📋 News Article 🏷️ Finance

Simplified: Canceled student debt usually counts as taxable income

1 sources

2 months ago
While the form will include your proceeds, your cost basis — or the amount you originally paid for the assets — may not be on the form. 0.950

👤 The author 📋 News Article 🏷️ Finance

Simplified: While form will include your proceeds your cost basis or amount you originally paid for assets may not be on form

1 sources

2 months ago
Eligible workers who receive overtime pay may be able to deduct up to $12500 annually or $25000 for joint filers on their federal tax return. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: Eligible workers who receive overtime pay may deduct up to $12500 annually or $25000 for joint filers on their federal tax return.

1 sources

2 months ago
Starting next year it should be easier to determine that amount because employers will have to specify any eligible overtime on your W-2 form. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: Starting next year it should be easier to determine that amount because employers will specify eligible overtime on your W-2 form.

1 sources

2 months ago
It’s best to check with your employer. 0.900

👤 The author 📋 News Article 🏷️ Finance

Simplified: Check with your employer.

1 sources

2 months ago
People who own or work for what the I.R.S. calls a “specified service trade or business” — which include occupations like accounting law and health care — are also ineligible. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: People who own or work for a specified service trade or business are also ineligible.

1 sources

2 months ago
If you work in a job where tipping is typical then you may be able to deduct up to $25000 of your tips from your federal income taxes for tax years 2025 through 2028. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: If you work in a job where tipping is typical you may deduct up to $25000 of tips from federal income taxes for tax years 2025 through 2028.

1 sources

2 months ago
Filers who are married but filing separately are not eligible. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: Filers who are married but filing separately are not eligible.

1 sources

2 months ago
For U.S. citizens born between Jan. 1 2025 and Dec. 31 2028 the government will provide a one-time contribution of $1,000. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: For U.S. citizens born between Jan 1 2025 and Dec 31 2028 the government will provide a one-time contribution of $1000.

1 sources

2 months ago
Michael and Susan Dell have said they will seed the accounts of children born in 2016 and through 2024 with $250 as long as they live in ZIP codes where median household incomes are below $150000. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: Michael and Susan Dell will seed accounts of children born 2016 through 2024 with $250 if they live in ZIP codes where median household incomes are be...

1 sources

2 months ago
To get any of the free money you’ll have to open an account first — and you can do that via your federal tax return. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: To get free money you must open an account via your federal tax return.

1 sources

2 months ago
Families who paid adoption expenses can take a credit of up to $17280 per child and the credit became partially refundable in tax year 2025 via last year’s new law. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: Families who paid adoption expenses can take a credit of up to $17280 per child and the credit became partially refundable in tax year 2025.

1 sources

2 months ago
The tax break which requires a Social Security number is reduced for single filers with modified adjusted gross income over $150000 or $300000 for joint filers. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: The tax break which requires a Social Security number is reduced for single filers with modified adjusted gross income over $150000 or $300000 for joi...

1 sources

2 months ago
Tips must be voluntary — servers who receive an automatic 18 percent for waiting on big tables for example couldn’t deduct that. 1.000

👤 The author 📋 News Article 🏷️ Finance

Simplified: Tips must be voluntary servers who receive an automatic 18 percent cannot deduct that.

1 sources

2 months ago