President Donald Trump weighed in on the unfolding debate over the future of tax policy this week, saying he plans to work with congressional Republicans to sharply reduce business and individual tax ...

DOGE wants access to filers’ data, and the commerce secretary says Trump wants to scrap the IRS altogether. But filing a return remains mandatory — the earlier the better, tax advisers say.

Discover the basics of how the IRS tax refund works. Learn strategies for maximizing them and tips on how to use them wisely.

Social Security, retirement accounts, taxable accounts and pensions all have different tax implications. When you start ...

You can also request that the IRS withhold money for taxes from your Social Security checks up front. This would save you the ...

Finance Minister Nirmala Sitharaman announced that taxpayers will not have to pay tax for income up to Rs 12 lakh from FY ...

The proposed new bill is projected to have 23 chapters, 16 schedules, and approximately 536 clauses, a significant reduction ...

Karla Dennis, EA, MST, is CFO/CEO of the award-winning tax accounting firm KDA Inc.—specializing in tax planning. It’s 2025, ...

Cryptocurrencies, commonly referenced as digital assets in tax regulations, are treated as property for U.S. tax purposes ( IRS Notice 2014-21 ). This treatment means that general tax principles that ...

That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable income without taking a pay cut — from putting more into retirement to ...

This reporting change will give the IRS a clearer picture of how much you earned in untaxed income this year to help ensure you pay your taxes properly. For the 2025 tax year, the threshold will ...

The income tax department has adopted a more participative approach and is no longer an adversarial department, said CBDT chairman Ravi Agrawal at a FICCI event on Monday. Highlighting the ...