Tax season 2025 scorecard: Americans are waiting longer to file and are receiving bigger refunds
The IRS’s update on the progress of tax season this year so far shows that average tax refund amounts are up 18.6% versus the ...
5 tax deductions to know if you are self-employed
Working for yourself can have a lot of benefits, but taxes are generally not one of them. When self-employed, you are ...
6 common tax-filing mistakes and how to avoid them, according to a financial planner
If you take a DIY approach to your taxes, it's easy to make costly mistakes — make sure you have a plan to get it all right.
Are 529 plan contributions tax deductible? Plus other FAQs
Tax deductions may be an option with your 529 plan, depending on your state. Contributions to your 529 plan aren’t tax ...
Commonwealth Fund17h
Enhanced Premium Tax Credits for ACA Health Plans: Who They Help, and Who Gets Hurt If They’re Not Extended
If the ACA’s enhanced premium tax credits expire, increased premium costs, marketplace instability, and the loss of coverage ...
What is a dependent care FSA?
A dependent care FSA allows you to pay for eligible child and adult care expenses with pre-tax dollars. Learn more about its ...
Congress wants to kill two education tax credits. That would cost American students billions in lost benefits
The GOP leadership in the House has proposed eliminating two education tax credits to save the government $85 billion over 10 ...
Tax Guru23h
ITAT Pune allows Foreign Tax Credit: Form 67 filing is procedural, not mandatory
ITO before the ITAT Pune pertains to the denial of Foreign Tax Credit (FTC) due to the delayed filing of Form 67. The assessee, a resident taxpayer, had declared an income of ₹28,88,780 for AY 2021-22 ...
Tax Guru23h
Budget 2025 Synopsis: Tax Reforms & Economic Initiative
Summary: The Budget 2025 aims to accelerate economic growth while promoting inclusive development. A major focus is on “GYAN” ...