I n a significant policy shift, the US Senate has approved a remittance tax of just 1%, dramatically lower than the initially ...

Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.

After a tied vote in the Senate and another close vote in the House of Representatives, President Donald Trump’s “Big ...

In the past, Florida residents have been able to take advantage of a tax break on essential household items needed to prepare ...

Ohio's new $60 billion budget creates a 2.75% flat income tax for everyone. Discover how these major changes will affect your ...

Hurricane preparedness items like batteries, portable generators and tarps are permanently exempt from state sales tax.

(That’s up $1,000 from the 2023 tax year's limit since the gift tax is one of many tax amounts adjusted annually for inflation.) For married couples, the combined 2024 limit was $36,000.

The Internal Revenue Service's Electronic Tax Administration Advisory Committee delivered its annual recommendations.

Four tax preparers convicted of defrauding the IRS of nearly $8 million have been sentenced to a combined 105 months in ...

Poor customer service and outdated technology systems at the IRS contribute to a lack of transparency and threaten to turn ...

Four tax preparers from Texas whose fraudulent returns for clients cost the IRS more than $7.5 million were sentenced to 105 ...

The tax preparers were convicted after a multi-million dollar fraud scheme targeting the IRS came to light, authorities said.