The sweeping Big Beautiful Bill passed this July includes several household-level tax changes that could reshape how many ...

On June 20, 2025, the US District Court for the District of Arizona denied a motion for summary judgment that was filed by Stenson Tamaddon LLC (StenTam). The tax advisory firm argued that IRS Notice ...

Former Missouri Congressman Billy Long, who once sought to abolish the IRS, was approved as commissioner, aligning with Trump's vision to potentially scrap the tax agency.

Thanks to increasing digitisation, accessing and using Form 16 has become more straightforward and convenient, making it a key document for accurate and hassle-free income tax return (ITR) filing.

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

An advocacy group founded by former Vice President Mike Pence is launching a website and reaching out to lawmakers on Capitol ...

Senate confirms Billy Long as IRS chief Democrats raised sharp questions about the former Congress member's qualifications and potential political interference at the agency, but GOP senators said ...

If you exceed the annual gift tax limit, you may have to file a federal gift tax return (IRS Form 709). But exceeding the limit doesn't necessarily result in owing tax, thanks to a high lifetime ...

State estate taxes Some states may impose an estate tax of their own (and the exemption amounts aren’t always as generous as the federal estate tax exemption). For instance, in Massachusetts ...

Tax deductions are subtracted from your taxable income, thereby lowering the amount of tax you owe. You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or ...

However, the IRS usually taxes that money. If tips are part of your pay, the federal tax agency treats every dollar you receive, whether left on the table in cash or added to a credit card receipt ...

You qualify for premium tax credits if you make less than about $63,000 for a single person (roughly $129,000 for a family of four). And if you earn more than four times the federal poverty level, you ...