States must now decide whether to participate, with their decisions determining the federal credit’s availability to ...

This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...

The Treasury Department is preparing to release a corporate tax workaround that would deliver large tax savings to companies ...

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...

Plus: Claiming pets–and people–as dependents, Health Savings Accounts, charitable giving and tax deductions, tax filing ...

Major tax bracket and deduction changes are coming in 2026, making it essential for taxpayers to understand the new rules and adjust their planning to maximize savings.

Updated taxpayer protections change what the IRS must explain on error notices and how long you have to respond.

White House Press Secretary Karoline Leavitt told reporters that the upcoming tax refund season is "projected to be the largest ever." ...

Trust Powered by Pennington Law reports alternatives to avoid capital gains tax without a 1031 exchange, highlighting options ...

Forty-five states have sales tax, which means five do not — good news if you're looking to cut down on how much you pay in ...

Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it.