As reported by Kiplinger, the proposed Empire State Child Credit expansion would benefit up to 1.6 million New York taxpayers ...

Wealthy taxpayers could get a break if Congress and Trump agree to raise the limit on federal deductions based on your local ...

The regulations provide guidance on determining who is one of the “five highest compensated employees” under Sec. 162(m)(3)(C).

Taxpayers may submit returns to the IRS starting Jan. 27, 2025. Free filing services are available. Here's what you need to know about tax season.

Penalty-free retirement distributions, casualty loss deductions and delayed tax filing and payments can all provide some ...

Some home improvements are tax deductible, but the IRS has strict rules about which are eligible. Find out if your project or ...

The IRS has officially announced the beginning of the 2025 tax filing season: The agency will begin accepting 2024 federal ...

April 15, 2025, is the filing deadline for federal taxes. That's on a Tuesday this year. If you fail to file or pay your federal tax return on time, the standard penalty is a whopping 5% of any tax ...

The Tax Cuts and Jobs Act (TCJA), which became effective in 2018, included numerous tax changes impacting individuals ...

A: The due date is Tuesday, April 15. As long as you have the April 15 postmark, your tax return is considered on time.

Understand the difference between AGI and MAGI, crucial for tax deductions, credits, and eligibility. Learn more.

President-elect Donald Trump said Saturday he favors raising the limit on deductions for state and local tax (SALT) ...