The IRS sends out tax refunds 21 days after taxpayers file their returns online and six to eight weeks after submitting a ...

The IRS quietly released an Action on Decision on January 2, 2025, which provides significant concessions to taxpayers ...

Budget 2025 could simplify tax compliance for NRIs by addressing procedural challenges, such as setting thresholds for Tax ...

If you choose to itemize deductions, you'll have the option of deducting the state and local sales tax you paid, or you can ...

Discover how child support payments impact your taxes. Find out if child support is taxable and learn about claiming your ...

Unpaid taxes are subject to the Failure to File penalty, which is 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. The penalty cannot exceed 25 percent of ...

If you think tax returns are just for the self-employed, think again. Anyone with untaxed income from 2023-24 may need to ...

Progressives have been calling for heavy taxes and other confiscatory policies to be aimed at wealthy Americans. While they ...

When Prime Minister Justin Trudeau announced his pending resignation and prorogued Parliament, planned changes to how capital gains will be taxed were left in limbo.

If you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business ...

Disney has revealed that it spent a staggering $172.3 million on making its sword and sorcery streaming series 'Willow' which ...

With the new year comes the deadline for Self-Assessment Tax Returns, and with new laws in place, will you be liable in 2025?