Millions of retirees could stop paying federal taxes on Social Security benefits under new legislation and a temporary $6,000 ...

The Union Budget 2026 has not changed the standard deduction limits, but it remains one of the most important tax breaks for ...

Taxpayers should consider ITR-U if they omitted income, wrongly claimed deductions or exemptions, or made reporting errors ...

Once a return is submitted, taxpayers can monitor its progress using the IRS's "Where's My Refund?" tool, which is available on the IRS website. For electronic filers, status updates are typically ...

In keeping with the spirit of Jan Vishwas, ease of living, and to reduce the burden of litigation and compliance, Budget 2026 ...

The state of Indiana offers two different property tax deductions to certain veterans — a $14,000 deduction and a $24,960 deduction. Additionally, under certain circumstances, a veteran may qualify ...

Every year at the start of tax season, the question is whether the chronically underfunded IRS will be a hot mess or whether ...

Taxpayers may get bogged down in the complexities of claiming deductions for tips, auto loan interest and overtime pay.

Here’s what’s new for the 2025 tax returns, even if nothing changed, there are several changes to various deductions for filing a return.

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 ...

Tips and overtime are no longer taxed after President Trump's spending bill passed last year.

Patrick Malloy serves as Co-Director, National Tax Practice and Strategy with Crescent Grove Advisors, a boutique wealth ...