For families, the impact shows up in smoother tax processes, better cash-flow timing and fewer compliance headaches during ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

Iowa adopted the federal changes, including deductions on overtime pay, while Illinois opted out of the bill’s provisions. Workers who receive qualified tips can deduct a maximum of $25,000, according ...

The High Court set aside a 10% TDS certificate issued without recording how the payments were taxable. The ruling stresses that Section 197 orders must be reasoned and cannot ignore binding ...

Virginia Democrats say they're delivering on promises to make life more affordable for residents, but Republicans argue the opposite is happening as they point to numerous new tax proposals.

Many people will be thrilled to see larger-than-usual federal income tax refunds — some may end up $500 to $1,000 bigger than ...

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what ...

Homeowners are rightfully concerned that tax refunds may be delayed due to the government shutdown—but that might not be the problem.

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could impact your tax return this season.

The Earned Income Tax Credit and the Empire State Child Credit could be a significant boost in savings for residents.

Are political donations tax deductible? Find out what the IRS allows, plus where state-level exceptions may apply. Read on ...