Alternatively, taxpayers may receive deductions on other types of spending such as educational expenses. The standard deduction for tax year 2024 is $14,400 for single filers and $29,200 for ...

To help sort through it, here is a list of some common types of nontaxable income. Of course, it's good to consult a trusted tax professional or financial adviser if you are uncertain about your ...

Here's what to know about the different types of 1099 tax forms, how to confirm you've received all your paperwork, and tips for an easier filing season. Read more: Don't Stress Over Filing Your ...