Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

Joy Taylor: Yes. Taxpayers who itemize on Schedule A can deduct qualifying medical expenses to the extent that the total ...

Reversing lower authorities, ITAT Ahmedabad ruled that the assessee proved genuineness of loans and interest payments, allowing deduction under Section 57 of the Income Tax ...

Many of the most impactful tax provisions in the "One Big Beautiful Bill" (OBBB), which President Trump signed into law on ...

Tax deductions can lower the amount of income that is subject to tax. Here's more on how tax deductions work, plus 25 tax breaks that might come in handy.

This targeted relief helps lower-income retirees more effectively than the promised Social Security tax cut would have.

There’s a fresh wave of tax refunds coming for Americans in 2026. That’s according to the chief strategist at JPMorgan Asset ...

The deadline for public comment on the proposed No Tax on Tips rule is this week. Restaurant industry groups say the rule ...

Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1). Similarly, 40% of households had a $0 federal tax bill in 2022, under the ...

Hobby expenses, international tax updates, a government watchdog looks at the IRS, gold and platinum visas, an ERC lawsuit is ...

The first prize is ₹1 crore, subject to a 30% tax deduction. The second prize is ₹30 lakh, followed by a third prize of ₹5 ...

A number of changes are in store for taxpayers in the coming years and the Internal Revenue Service just gave insight into how some of those changes might look when it comes to your returns.