A tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax ...

Taxpayers should give consideration to the form in which they make charitable donations. They might deliver more benefits to ...

The IRS has announced the start of the 2025 tax filing season. Here's important info to help you prepare and file your taxes ...

The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will ...

Here is what you should know about the child tax credit for this year's tax season and whether you qualify for it.

Here's a look at key dates in the tax filing season, including deadlines to file, when to request extensions and how long ...

Central Tax dated 23rd January 2025, has announced a waiver of excess late fees under Section 47 of the Central Goods and ...

Nonprofit hospitals are exempt from federal and some state and local taxes. Therefore, in addition to providing that 24/7 care, they must meet the Internal Revenue Service (IRS) Community Benefit ...

Taxes can begin being filed on January 27, but refunds could hit accounts at different times depending on choices made when filing.

IRS' lowering income standard for self-employed from $20,000 to $5,000 a year means more 1099K forms are being sent in the mail ...