On January 14, 2025, the Department of the Treasury and the Internal Revenue Service issued proposed regulations (Proposed Regulations) relating ...

Another change to the tax code could mean you get a higher refund this year. A state law that went into effect in January ...

The U.S. tax code may be notoriously complex, but understanding some basic terms can help you breeze through your tax return ...

Selecting the right tax preparer is crucial to safeguarding your financial information and avoiding tax-related identity theft. While most tax preparers are trustworthy, some engage in fraudulent ...

All income is taxable, even stolen money. If the interpreter pays back his former boss the stolen money, does the IRS let him ...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January ...

Tax season may never be seen as fun, but this year provides Washington a perfect opportunity to make it less confusing.

Your payday could get a bump this year now that the Internal Revenue Service's updated income tax brackets and higher standard deductions have taken effect. Depending on your income level ...

Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about ...

With the Modi government back in power and Finance Minister Nirmala Sitharaman leading the charge, the introduction of the long-awaited Direct Tax Code (DTC) is on the horizon. The DTC promises to ...

The mechanism for achieving this is through tax code notifications. Please do not ignore them. Recent research found that up to 14 million people have been paying the wrong amount of tax due to ...

Carter has introduced the “Fair Tax Act,” a bill aimed at abolishing the IRS and rewriting the current U.S. tax code.