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

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

As per the Income Tax law, taxpayers must get their business or profession account audited every year. However, not all taxpayers are required to file their audit. If the taxpayer misses the due date ...

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 high from working in retirement.

Everyone pays federal taxes, but not all income is taxable. Learn which types of income are exempt from federal taxes and how they can help you save money.

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 ...

Quarterly estimated tax payments apply to individuals and businesses whose income is not fully covered by withholding.

ITR Income Tax Return Filing Deadline Last Date ITR Tax Filing Live Updates: With increasing demands for extending the deadline for ITR filing beyond September 15th, 2025, will the FM push ahead the ...

Over the last few weeks, we have written about various tax credits, and we have saved one of the best for last. The dividend tax credit is one of the tax credits that can apply to almost every one of ...

People working in an occupation on an approved list who receive qualified tips would be eligible for the tax benefit.