Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

As per the Income Tax law, taxpayers must get their business or profession account audited every year. However, not all ...

Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it also modified some of those provisions effective in 2025.

Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too ...

Everyone pays federal taxes, but not all income is taxable. Learn which types of income are exempt from federal taxes and how ...

The change will take effect on Sept. 30, which is the same day that the Social Security Administration begins phasing out paper checks in favor of electronic benefit payments. Here’s everything you ...

Domain Money reports effective tax optimization strategies can significantly lower tax burdens for all income levels through smart planning.

Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...

Capital gains are taxed in the taxable year they are "realized." Your capital gain (or loss) is generally realized for tax purposes when you sell a capital asset. As a result, capital assets can ...

Americans are taxed on their worldwide income no matter where in the world they’re living. If you are American and you invest in a cash-flowing property overseas — even if you move to the location to ...

Once you gather your paperwork and understand the basics, the process of filing your taxes for the first time is less ...

The federal estate tax exemption increased again for 2025. Although the higher, IRS-inflation-adjusted number, announced last fall, may not have come as a surprise to most. However, 2025 is a pivotal ...