Calculating the home office deduction using the standard method involves completing IRS Form 8829 to calculate the amount of ...

President-elect Donald Trump should reward the multiracial and disproportionately working-class coalition that delivered him ...

Preparing for tax season 2026? Discover the newly increased standard deductions and expanded tax brackets that will affect ...

Although inflation has ebbed, taxpayers will continue to enjoy inflation adjustments to their 2025 taxes — even though it’s ...

Discover smart tax-saving strategies for the upcoming year. Learn how to maximize your deductions, minimize your tax burden, ...

While the legislation hasn’t yet been passed, it’s widely expected to eventually receive royal assent, and be effective as of this June 25. For investors with significant accrued capital gains in ...

Although coverage of the 2024 election was dominated by the economy, taxes didn’t get much attention in the run-up to the ...

The Delhi High Court has held that 'capital grant subsidy' which may be extended by the National Highways Authority of India to its contractors is not liable to TDS deduction under Section 194C ...

A. The answer is yes. Payments received from both LFP and ELAP are taxable in the year the payment is received. A 1099-G will ...

Claim that £130 of tax to be collected on everyone receiving state pension relies on tax thresholds staying frozen longer ...

Trump mentioned a variety of tax relief ideas on the campaign trail, including exempting tips, Social Security benefits, and ...

Contribution limits for IRAs, 401(k)s, and other plans can change from year to year due to cost-of-living adjustments. Here ...