In December, Finance extended the deadline for making charitable donations for the 2024 tax year to Feb. 28, 2025, given the disruption the Canada Post strike had on charities’ fundraising campaigns.

The deduction for pass-through businesses owners’ qualified business income would be made permanent under legislation re-introduced in the Senate Thursday as lawmakers look to renew the expiring write ...

President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay ...

Homeowners are about to get hit with an average property tax bill increase of 7%, and state lawmakers are wrestling with how ...

Many taxpayers believe that the existing limit of Rs 1.5 lakh for investments in fixed deposits, ELSS, and housing loan ...

Temporary versions of bonus depreciation schedules, such as the one in Tax Cuts and Jobs Act, appear to be low-cost, since ...

You are probably aware that many employers are discarding the fully flexible, remote work policies that were forced upon them – as ...

Recent natural disasters, from Hurricane Helene in the Southeast to wildfires in the Los Angeles area have shown just how ...

The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help ...

Taking time to learn about key tax credits and deductions can help you save hundreds of dollars or more each year.

Direct File can help you cut out the tax season middlemen, and this year, the IRS is bringing out new features.

At issue is the Tax Cuts and Jobs Act of 2017, which was a hallmark of Trump’s first term. Abbreviated TCJA, the law made sweeping changes to the U.S. tax code that slashed the average person’s income ...