The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

The new tax regime introduced by the Federal Government requires every individual who earns taxable income to file a self-assessment return declaring all sources of income by March 31 every year.

The 2026 filing season officially opened Monday, with an April 15 deadline for submitting returns and paying any taxes owed.

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

You can apply for First Time Abate relief by calling the IRS, sending a written statement or filing Form 843, Claim for Refund and Request for Abatement. If your penalty is removed, the IRS also ...

Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and examples illustrating its principles.

Reimbursement receipts are proof-of-purchase documents that employees submit to get repaid for business expenses they covered out of pocket. They're a critical part of your company's expense ...

As homeowners across the U.S. prepare to file their taxes this season, they may be wondering what deductions they qualify for and whether it's worth itemizing or sticking with the standard deduction.