The IRS has unveiled the updated tax brackets and standard deductions for the 2025 tax year, reflecting adjustments for ...

Bonus depreciation was raised to 100 percent in 2017’s Tax Cuts and Jobs Act and was scheduled to fall by 20 percent a year ...

Tax season 2025 is here. Many Americans are starting to think about preparing returns. Some of us are putting it off. ...

You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked ...

The Trump tax cuts are set to expire later this year, and that poses a real challenge for policymakers, businesses, and taxpayers alike. Americans face a ...

The Finance Ministry has introduced some significant changes in the last 6 months, impacting tax slabs, deductions, and ...

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

The amount of your Universal Credit standard allowance that can be deducted for debts is 25% - although this is going down to ...

Members of the House Freedom Caucus have an idea for lawmakers from California, New Jersey and New York seeking to expand a ...

As natural disasters leave many Americans facing economic hardship, the tax code’s casualty loss deduction is providing assistance primarily to the wealthiest taxpayers. A reformed casualty ...