Mistakes on your tax returns can cost you time and money. Errors can lead to delays in tax refunds. Certain mistakes can even turn a refund into an unexpected tax bill. To help taxpayers avoid such ...

Rs 1 lakh TDS threshold for senior citizens on fixed deposit interest reduces procedural hassles but doesn't exempt them from ...

Trump's 2017 tax bill is up for renewal this year. Here's what it means for your taxes and how to take advantage of low taxes ...

If lawmakers fail to extend these provisions, 62% of filers would see a tax increase. A failure to extend the TCJA’s ...

Thinking about transferring IRA funds to your HSA? Discover when this tax-free rollover can be beneficial for you.

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

The IRS updates tax brackets every year, so it's always a good idea to check whether you're close to one of the cutoff points.

The leader of the tax policy panel in the New Mexico House of Representatives says he wants to renew a tax deduction for ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

W ith tax season officially underway, you'll need to know the standard deduction amount you can claim for 2024. After all, most taxpayers opt to take the standard deduction rather ...

Tax season opened on Monday, January 27, meaning Americans are now able to file and pay their tax returns for 2024 with the Internal Revenue Service (IRS).

If you lived with another person in 2024 If you lived with another person at any time in 2024 and in the first 60 days of 2025, you need to determine who can claim the deduction for child care ...