News

Freelancing can be notoriously difficult, but a new tax break might make things easier— that is, if you’re already wildly ...
The Income Tax Department has released software utilities for ITR-1, ITR-2, ITR-3 and ITR-4, enabling income tax return filing for FY 2024-25 (AY 2025-26). This year, the ITR forms underwent various ...
Inherited IRA distribution rules have changed in ways that can significantly impact your taxes and tax strategy.
Money collected through crowdfunding campaigns can be considered nontaxable if it meets the IRS' definition of a gift.
While there's no way to completely avoid paying taxes on your traditional or simple IRA withdrawals, there are a few ways to reduce what you owe on these tax-deferred accounts. In certain situations, ...
What is the bonus tax withholding rate? The bonus tax withholding rate is an optional flat rate that businesses can choose to use for bonuses that are identified separately from employee wages ...
The sweeping Big Beautiful Bill passed this July includes several household-level tax changes that could reshape how many ...
RMDs begin after age 73, and you could be taxed on those funds — but there may be ways to avoid a big IRS bill. Learn how to avoid taxes on RMDs.