What is the tax year? When filing taxes, understanding the tax season and year is crucial for staying compliant and avoiding ...

President Trump's 2017 tax reform discouraged charitable donations, and his new administration is destroying safety nets and ...

The IRS recently updated its income tax bracket ranges and the standard deduction for 2025. Depending on your income level, ...

Gifting allows recipients to access the article for free. Illinois homeowners who have paid their property taxes for 30 years should no longer have to pay them after that point, according to a new ...

As millions prepare to file their state and federal income taxes, some residents will be able to forgo the former. In eight states, income is not taxed at the state level, which may appear to ...

Moreover, as USA Today’s personal finance reporter Medora Lee points out, estate-tax exemption thresholds that reach seven and even eight figures mean many people may escape a significant tax bill.

New data from the Internal Revenue Service (IRS) shows that the average tax refund received by American taxpayers in the 2024 tax filing season so far is higher than those disbursed a year ago.

There are multiple reasons you may have underpaid taxes throughout the year, from shifting financial and personal circumstances to changing tax laws. But understanding why you ended up with a ...

(NewsNation) — The Tax Cuts and Jobs Act could expire at the end of 2025 if lawmakers don’t extend the legislation, and a majority of taxpayers could pay the price. “Without congressional ...