The Internal Revenue Service (IRS) is ushering in a new era of convenience for taxpayers with the release of online federal tax forms for the 2024 tax year. TRAVERSE ...

When you live in America, one thing you've likely come to accept is the tax system. There are taxes on your income, products ...

The Treasury Department said in an October report to Congress that participation in the Direct File program was low and the ...

Estimates of federal revenue forgone due to the tax exemptions of U.S. nonprofit hospitals relative to the community benefits ...

Stay in the clear and keep your finances in order with everything you need to know about IRS Form 941. Many, or all, of the products featured on this page are from our advertising partners who ...

The "no tax on tips" law was a provision included in President Donald Trump's signature "One Big Beautiful Bill Act," and was ...

Navigating complex IRS reporting requirements is crucial for modern digital commerce. Review the legislative impact on your ...

Illinois is one of several states choosing to decouple from the federal tax code. See what tax benefits are being excluded.

The good news is that a new tax benefit aimed at helping families with children under 17 is now in effect. For the tax years beginning in 2025 and beyond, the federal federal-credit, known as the ...

How do I decide which federal income tax return form to use when I do my taxes this year? The ones I'm referring to are Forms 1040, 1040A and 1040EZ? -- M.T., Tulsa. The Internal Revenue Service says ...

Still, residents who qualified for those tax breaks would lose out. A qualifying senior who can't claim the extra $6,000 deduction on a tax return would lose $360 to $390, estimated Richard Pon, a San ...

The One Big Beautiful Bill introduced wide-ranging tax changes for seniors, service workers, car buyers and others.