Joy Taylor: The tips deduction begins to phase out at modified AGI over $300,000 for joint filers and $150,000 for other filers. More specifically, the write-off is reduced, but not below zero, by ...

If you work from home, you may be able to deduct your business-related expenses. But if you don't qualify for that, you could be eligible for the "home office tax deduction." This tax break lets you ...

Drake Software, a leading provider of professional tax preparation solutions, proudly announces the launch of Drake Tax ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, ...

If you're still waiting on your 2025 tax refund, you're not the only one. Even though the standard tax season wrapped up in ...

Small business owners can file their state and federal tax returns quickly and accurately with the best tax filing software programs.

The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new ...

The IRS says goodbye to the summer by adding a new form, Schedule 1-A, to make it simpler for Americans to access deductions in their 2025 tax filings. For the first time ever, emp ...

The 19th reports a new child tax credit starting in 2026 will increase to $2,200 but limit access for many low-income and ...

Man Filling In The Tax Form 1040 for 2024 Year. Person Calculates of Planning Budgets Yearly Personal Finance and Fills up US Tax Form 1040 For 2024 Year. Signing 1040 Income Tax Return For 2024 Year.

Benjamin Franklin coined the saying, “In this world, nothing is certain but death and taxes.” But what about when death and taxes coincide, such as when someone dies during the year and has a tax ...

Forty years ago, a young John Hewitt graduated from Hamburg High School, expecting to become a mathematician. He enrolled at University of Buffalo, but left school early, going to work instead for ...